COINOTAG News Update, January 22: In a significant move within the cryptocurrency sector, the Trump-supported initiative WLFI has recently executed a transaction amounting to 2.65 million USDT, acquiring approximately 10.8 million TRX. Following this acquisition, WLFI’s total holdings rose to an impressive 30.1 million TRX, reflecting a market value close to $7.36 million. Furthermore, WLFI demonstrated its strategic approach to asset management by converting 5,252 ETH, valued at around $17.43 million, into stETH. This conversion was coupled with a staking arrangement through Lido Finance, showcasing WLFI’s commitment to leveraging staking opportunities to enhance yield on its assets. Such strategic movements highlight the evolving landscape of cryptocurrency investments and point to a growing acceptance of staking protocols within mainstream financial frameworks.
Source: https://en.coinotag.com/breakingnews/wlfis-bold-move-2-65-million-usdt-buy-boosts-trx-holdings-to-30-1-million/