After the inauguration of the 47th president of the United States, the on-chain activity of Trump’s World Liberty, led by Eric Trump, went viral. It looks that the first president to openly embrace crypto and his cabinet went into the markets without hesitation. Today we look at what they bought and how to find their address and perhaps follow or copy their strategies.
The Trumpfolio
What stands out from the start is the symbolic recent buys of the World Liberty Fund, where notably, all the major purchases were in increments of $4.7 million or 47 – a clear nod to Trump being the 47th US president.
When we take a look we see that there is being bought for serious amounts of money. These investments were made into:
$47M for 14,021 ETH
President Trump’s World Liberty Fund made a significant investment of $47 million into Ethereum, the second-largest cryptocurrency by market cap. ETH is the native token of the Ethereum blockchain, which is known for its most extensive smart contract functionalities and most used network. To learn more about Ethereum and its potential, read our Ethereum in-depth review.
Is Donald Trump Staking His ETH?
The 47th President of the United States of America, Donald Trump, is staking Ethereum (ETH) through his World Liberty Fund investment fund. According to an on-chain transaction, World Liberty Fund purchased approximately 4,747 ETH, worth $15.4 million at current prices. The Ethereum transaction hash of Trump staking is ETH.
$47M for 439 BTC
The Trump-backed fund also purchased $47 million worth of Bitcoin, the original and most well-known crypto. Bitcoin is by now known by almost anyone in the world. To discover more about Bitcoin, check out our Bitcoin coin report.
$4.7M for 5.1M ENA
World Liberty Fund invested $4.7 million in Ethena, the recently launched stablecoin that works by remaining in delta neutral positions in the market. To find out more about its workings, check out the Ethena Coinreport.
$4.7M for 13,260 AAVE
The fund allocated $4.7 million to Aave, a decentralized lending platform that allows users to lend and borrow cryptocurrencies. It is one of the first lending protocols in crypto and remains the biggest. To explore Aave and its role in decentralized finance (DeFi), go to our Aave review.
$4.7M for 141,500 LINK
World Liberty Fund purchased $4.7 million worth of Chainlink, a decentralized oracle network that connects smart contracts with real-world data. LINK is the native token used to pay for services on the Chainlink network. To learn more about Chainlink and its importance in the smart contract ecosystem, visit our Chainlink page.
$4.7M for 19.3M TRX
Finally, with the most recent purchases, the fund endorsed by Trump invested $4.7 million in TRON, a cheaper version of Ethereum and still relevant to this day. To discover more about TRON and its ecosystem, read our coin report on TRON.
Where to See What Trump is Buying on-chain?
To see what Trump has bought on-chain, you can track the transaction history and portfolio of the World Liberty FI fund on Arkham Intelligence, or you can use any other explorer to paste their address; 0x5be9a4959308A0D0c7bC0870E319314d8D957dBB.
The Bottom Line
With Donald Trump now officially the 47th president, his fund and family are clearly signaling their bullish stance on major cryptocurrencies, and with symbolic investments into Bitcoin and Ethereum in size via Eric Trump’s World Liberty Fund, they are backing this stance with real funds.
Beware that these people have close to infinite amounts of money. So blindly copy-pasting their strategies is something that must be done with caution…
The post Trump’s World Liberty FI Buys $47M of BTC and ETH to Celebrate His Inauguration as 47th US President appeared first on YourCryptoLibrary.