World Liberty Financial ($WLFI ), a crypto-focused entity backed by former US President Donald Trump, has made a significant portfolio adjustment by selling $8.08 million worth of Wrapped Bitcoin (WBTC) to acquire 2,868 Ether tokens. This strategic move reflects a deliberate preference for Ethereum over Bitcoin, rather than a wholesale exit from the crypto market.
The transaction was executed via CoW Protocol using a Gnosis Safe structure, with the swaps spread across multiple tranches to minimize slippage. This approach suggests careful liquidity management and market impact mitigation. The decision to rotate from Bitcoin into Ethereum may indicate a relative value bet on Ethereum's potential upside, given its growing utility narrative and role in tokenized assets and on-chain finance .
*Key Details:*
- *#WLFI Transaction*: Sold $8.08 million worth of WBTC to buy 2,868 ETH at an average price of $2,813 per coin
- *Ethereum's Current Price*: $2,864, with a daily decline of 2.58% and a weekly drop of 10.4%
- *Institutional Interest*: Whales and institutions are actively accumulating Ether, signaling confidence in its long-term potential
- *Market Context*: Bitcoin is valued at $87,662, with declines of 1.62% and 5.28% in a day and week, respectively
#btc ,#eht #USIranStandoff #StrategyBTCPurchase
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