On January 20th, Eric Trump, the son of former President Donald Trump, made headlines by retweeting a post that highlighted his company’s substantial acquisition of Ethereum (ETH). His tweet suggested that significant developments were imminent, stirring interest among investors and crypto enthusiasts. COINOTAG had earlier reported that at approximately 7:00 AM, monitoring by Onchain Lens indicated that the Trump family’s cryptocurrency venture, known as WLFI, invested a hefty sum of $28 million in the purchase of 8,363 ETH, achieving an average acquisition price of $3,348.
In a notable shift, WLFI has reportedly increased its investment by allocating an impressive total of $48 million within an 8-hour period, acquiring 14,403 ETH at a lower average price of $3,333. This brings the family’s total holdings to 28,612 ETH, representing a valuation of approximately $92.43 million. Such movements in the market signify potential strategies as cryptocurrencies continue to capture the attention of mainstream investors.
Source: https://en.coinotag.com/breakingnews/eric-trump-hints-at-major-moves-with-eth-after-acquiring-48-million-in-ethereum/