Trump-linked WLFI bags $30m ETH amid price rally

World Liberty Financial, the DeFi venture backed by Donald Trump, appears to be quietly accumulating its Ethereum stash as prices surge.

On-chain data shows an ongoing accumulation streak by WLFI-associated addresses, with a recent addition of 1,740 ETH (ETH) worth around $6.5 million. These purchases come amid a six-day run where wallets tied to the venture have been buying across multiple addresses, collectively scooping up 10,013 ETH valued at about $30 million.

The latest spree brings WLFI’s total holdings to an estimated 80,000 ETH, worth roughly $293 million at current prices. The aggressive accumulation comes as Ethereum rebounds, climbing nearly 50% over the past month and breaking out of its months-long downtrend.

World Liberty Financial’s purchases also mark a turnaround from its moves earlier this year, when the firm dumped up to $8 million worth of ETH in April amid losses. At the time, the sale marked a major setback for its portfolio. WLFI had previously spent about $210 million to acquire 67,498 ETH and suffered losses reaching $125 million during the asset’s downturn before cutting exposure.

Trump’s son Eric recently commented on the ongoing ETH uptick, reflecting on his bullish call for the token.

Eric Trump marks ETH breakout with ‘mic drop’

Back in February, Eric posted a simple tweet expressing confidence in Ethereum’s potential.

“In my opinion, it’s a great time to add ETH,” he wrote at the time. With ETH now rallying, the president’s son’s call aged well. 

To celebrate, he shared the Despicable Me “mic drop” meme on X on July 22, reminding his followers that he called it early. He also responded to commenters challenging his prediction, telling them to “buy the dip” when he signals it.

ETH trades at $3,651 at press time. Despite recording a 0.92% loss in the past 24 hours, the token’s performance over the week remains strong, up approximately 17%.