Trump’s World Liberty buys 759 ETH amid price dip

World Liberty, the crypto project supported by the Donald Trump family, bought this decline with $ 2.5 million spent on Ethereum.

Data from Arkham Intelligence showed World Liberty is doubling down on its bet on Ethereum (ETH) as the altcoin falls along with Bitcoin (BTC) and other crypto assets.

The project, which has recently purchased multiple cryptocurrencies to support its decentralized finance offerings, used $2.5 million worth of stablecoin USDC (USDC) to purchase 759.36 ETH. Arkham data showed that the transaction was completed via the intent-based trading platform Cow Protocol, with an average purchase price of $3,651 per ETH.

ETH price drop

World Liberty took advantage of the latest crypto decline to expand its altcoin portfolio. As Bitcoin fell below $93,000 on December 20, Ethereum and many other cryptocurrencies followed suit. ETH experienced a significant decline, falling to around $3,100 amid a broader sell-off in the crypto market.

This decline caused World Liberty’s recently purchased cryptocurrency to suffer significant declines. According to smart money account Lookonchain, the total loss of the Trump family project during the collapse reached $6.15 million. ETH assets saw the biggest loss at that time, at $4.86 million.

Currently, World Liberty Financial holds approximately 16,400 ETH worth $53.73 million. In total, Arkham data shows the project’s crypto assets are worth over $73.9 million.