Trump’s WLFI DeFi Platform Triples Ether Holdings Amid Market Volatility Ahead of First White House Crypto Summit

• Trump’s WLFI DeFi platform has made significant strides, tripling its Ether holdings amidst a broader crypto market downturn, just ahead of the upcoming White House Crypto Summit.

• Despite market volatility, Trump’s WLFI strategically capitalized on price drops, showcasing a bullish stance on digital asset investment.

• “WLFI currently holds about $10 million more in Ether than a week earlier,” noted a source from Cointelegraph Markets Pro.

Trump’s WLFI DeFi platform capitalizes on market downturn by tripling Ether holdings, while investors flee Solana amid growing market uncertainty.

Trump’s WLFI tripled Ether holdings in a week amid market downturn

The decentralized finance (DeFi) platform associated with US President Donald Trump has made headlines by almost tripling its Ether (ETH) reserves in less than a week. This acquisition came as ETH’s price dipped below the critical psychological threshold of $2,000, presenting what Trump’s WLFI viewed as a lucrative buying opportunity.

According to data from Arkham Intelligence, Trump’s World Liberty Financial (WLFI) added approximately $10 million in Ether over the past week, alongside accumulating an additional $10 million in Wrapped Bitcoin (WBTC) and $1.5 million in Movement Network (MOVE) tokens. This proactive approach signifies WLFI’s commitment to enhancing its digital asset portfolio, particularly during a time of heightened market uncertainty.

Data analysis reveals that WLFI currently holds substantial unrealized losses exceeding $89 million across its nine token investments. The volatile market conditions stem not only from macroeconomic pressures but also from significant crypto events like the $1.4 billion hack at Bybit, which has shaken investor confidence.

Solana sees $485 million outflows in February as crypto capital flees to “safety”

In a striking contrast to WLFI’s investment strategy, Solana experienced approximately $485 million in outflows during February as investors redirected their capital towards safer assets, primarily Ethereum and the BNB Chain. This mass relocation of funds reflects a growing sense of uncertainty in the cryptocurrency market.

According to Binance Research, the significant capital flight from Solana highlights a broader trend favoring established digital currencies. “Overall, there is a broader flight towards safety in crypto markets, with Bitcoin dominance climbing to 59.6%,” elaborated the report.

This shift in investor sentiment can largely be attributed to the turmoil surrounding recent memecoin scams and particularly underwhelming launches in the Solana ecosystem, which failed to meet investor expectations.

Trump to host first White House crypto summit on March 7

On March 7, President Donald Trump is set to convene the inaugural White House Crypto Summit, aimed at fostering discussions around future regulatory policies and the role of cryptocurrencies like Bitcoin within the American financial landscape. Key players from the crypto sector will gather to share insights and strategies with policymakers.

The summit is poised to include prominent founders, CEOs, and investors, alongside members of the President’s Working Group on Digital Assets. The initiative, led by “crypto czar” David Sacks, reflects Trump’s commitment to navigating the complexities of the digital assets landscape and ensuring the United States positions itself as a global leader in blockchain technology.

Crypto VC deals top $1.1 billion in February as DeFi interest surges

Despite the prevailing market turbulence, venture capital investment in blockchain and cryptocurrency startups surged in February, reaching a total of $1.11 billion. DeFi projects were significant beneficiaries, attracting nearly $176 million in investments across 20 initiatives.

As per data revealed by The TIE, the growing interest from venture capitalists transcends traditional barriers, indicating that stakeholders are still deeply committed to funding innovative blockchain solutions. Various sectors, including security services and artificial intelligence, are drawing considerable attention, underscoring the evolving landscape of cryptocurrency investments.

Bybit hacker launders 100% of stolen $1.4 billion crypto in 10 days

The infamous Bybit hacker has successfully laundered the entirety of the $1.4 billion stolen during the largest crypto theft in history. The hacker moved substantial amounts of liquid-staked Ether and other ERC-20 tokens through decentralized protocols like THORChain, as reported by blockchain security firm Lookonchain.

Despite this significant breach, the potential for recovery remains, with blockchain security experts expressing optimism about tracing some of the stolen funds back to their original source.

DeFi market overview

Current data from Cointelegraph Markets Pro indicates that the majority of the top 100 cryptocurrencies, including Cardano (ADA) and Bitcoin Cash (BCH), experienced upward trends amid volatile conditions, suggesting resilience in the DeFi space. Cardano surged by over 46%, influenced by its inclusion in Trump’s upcoming Digital Asset Stockpile.

Thank you for reading our analysis of recent developments in the cryptocurrency world. Join us next week for further insights into this dynamic market.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.