World

Wrapped Bitcoin

Liberty

USDC

Ethena

<p><a href="https://www.thecoinrepublic.com/2024/10/10/donald-trumps-world-liberty-financial-aave-integration-to-boost-defi/">World Liberty Financial</a>, the cryptocurrency venture by the Trump family, is ramping up its investment in Ethena crypto (ENA) as part of a continued plan to diversify its crypto portfolio. </p> 
<p>The move is consistent with a recently announced partnership on decentralized finance (DeFi).</p> 
<h3 class="wp-block-heading" id="h-new-acquisition-of-ethena-crypto-tokens"><strong>New Acquisition of Ethena Crypto Tokens</strong></h3> 
<p>World Liberty Financial paid 250,000 USDC for the transaction on December 18, buying 231,726 ENA tokens through Cow Protocol. </p> 
<p>Blockchain data from Arkham confirmed the purchase took place at 19:55:35 UTC. The wallet now contains 741,687 ENA tokens after this latest acquisition.</p> 
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   <p lang="en" dir="ltr">After announcing a partnership with <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw">@ethena_labs</a>, Donald Trump’s World Liberty Financial (<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw">@worldlibertyfi</a>) spent 250K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDC</a> to buy another 231,726 <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ENA</a> 20 minutes ago!<br><br>Since November 30, World Liberty Financial has spent $45M to buy 6 crypto assets, including:<br><br>• 8,105 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>… <a href="https://t.co/qD12WmjT7X">https://t.co/qD12WmjT7X</a> <a href="https://t.co/PrFmUH4KLH">pic.twitter.com/PrFmUH4KLH</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1869476938823438648?ref_src=twsrc%5Etfw">December 18, 2024</a>
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<p>The transaction comes days after a December 16 transaction in which the same wallet exchanged 500,000 USDC for 509,955 ENA tokens at an average of $0.98. </p> 
<p>The ENA holdings is just one aspect of the focused approach World Liberty Financial is taking with its acquisitions.</p> 
<p>The latest purchases coincide with Ethena Labs’ partnership announcement, which will integrate its sUSDe asset as a key collateral component.</p> 
<h3 class="wp-block-heading" id="h-broader-portfolio-activity"><strong>Broader Portfolio Activity</strong></h3> 
<p>World Liberty Financial has been managing a diversified cryptocurrency portfolio, managing it very actively. </p> 
<p>On December 16, its wallet included assets like Ethereum (ETH), Chainlink (LINK), Aave (AAVE) and Coinbase Wrapped Bitcoin (cbBTC), worth approximately $45 million.</p> 
<p>Recent transactions include the buying of 8,105 ETH for $30 million USDC at an average price of $3,701 per ETH, and 103 cbBTC worth $10 million USDC at $97,181 per token. </p> 
<p>In addition the wallet acquired 78,387 LINK tokens worth $2 million at $25.50 per unit and 6,137 AAVE tokens worth $2 million at $326 per unit.</p> 
<p>On December 18, the wallet converted its entire 103 cbBTC holdings into 103.149 WBTC using Cow Protocol. </p> 
<p>This adjustment follows Coinbase’s decision to delist WBTC due to its association with Justin Sun.</p> 
<h2 class="wp-block-heading" id="h-ena-price-movement-and-institutional-interest"><strong>ENA Price Movement and Institutional Interest</strong></h2> 
<p>Ethena crypto has experienced significant activity in recent days. Between December 16 and December 18, the token’s price dropped from $1.30 to a low of $1.01 before stabilizing at $1.14. </p> 
<p>Over the past 24 hours, ENA’s price has risen by 2.23%, while its 7-day performance shows a 2.07% increase. Trading volume remains strong, with $1.27 billion transacted in the past day.</p> 
<p>Whales accumulated approximately 36.55 million ENA tokens during the price dip, which suggests large investors were getting more interested from there. </p> 
<p>ENA has a current market cap of $3.35 billion, and a 24 hour trading volume of $61.1 million. There are 2.9 billion tokens circulating.</p> 
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   <p lang="en" dir="ltr">During the recent price dip, whales bought over 36.55 million <a href="https://twitter.com/hashtag/Ethena?src=hash&amp;ref_src=twsrc%5Etfw">#Ethena</a> <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ENA</a>! <a href="https://t.co/U410ClRCbW">pic.twitter.com/U410ClRCbW</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1869487625691955658?ref_src=twsrc%5Etfw">December 18, 2024</a>
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<h3 class="wp-block-heading" id="h-market-data-on-ethena-crypto-holders"><strong>Market Data on Ethena Crypto Holders</strong></h3> 
<p>Analytics from IntoTheBlock reveal that 63% of Ethena crypto holders are profitable at the current price, while 22% are at breakeven, and 15% are holding at a loss. </p> 
<p>Large holders account for 96% of the token supply, indicating a concentrated distribution.</p> 
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  <img loading="lazy" decoding="async" width="831" height="287" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-379.png" alt="" class="wp-image-885282" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-379.png 831w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-379-300x104.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-379-768x265.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-379-150x52.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/12/image-379-696x240.png 696w" sizes="auto, (max-width: 831px) 100vw, 831px">
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   Source: IntoTheBlock
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<p>Price movements of ENA have high correlation with Bitcoin, with 0.8 coefficient due to its synchronization with overall market maneuverings. </p> 
<p>According to Holder data, 79% of wallet holders have had ENA in their wallets for 1 to 12 months, while 21% have less than one month of activity.</p> 
<p>The token’s Telegram community also saw modest growth, 0.65%, which also recorded recent data of $1.27 billion in large transactions over the past week.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/12/19/ethena-crypto-trump-backed-world-liberty-financial-buys-741687-ena/">Ethena Crypto: Trump-Backed World Liberty Financial Buys 741,687 ENA</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Ethena Crypto: Trump-Backed World Liberty Financial Buys 741,687 ENA

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