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World Liberty Financial, the decentralized finance (DeFi) project co-founded by US President Donald Trump, is buying the dip ahead of the first White House Crypto Summit tomorrow.
In an X post earlier today, on-chain analytics platform Spot On Chain said that World Liberty Financial spent about $21.5 million buying Ethereum (ETH), Wrapped Bitcoin (WBTC) and Movement (MOVE) in the last 24 hours.
World Liberty Financial Moves USDC Ahead Of Crypto Buys
On-chain data shows that World Liberty Financial bought 4,468 ETH at $2,238 per coin and 100.6 WBTC at $90,420 per coin, each transaction worth about $10 million. It also bought 3.42 million MOVE for about $1.5 million.
Prior to the recent purchase, World Liberty Financial moved 25 million USD Coin (USDC) to a new multi-signature wallet. After the recent transactions, this wallet still holds 3.5 million USDC, leading to speculation of more purchases in the pipeline.
Market Recovers As Trump Prepares To Welcome Industry Execs To First White House Crypto Summit
World Liberty Financial’s purchases come as the broader crypto market rebounded over 4% in the last 24 hours, CoinMarketCap data shows. Bitcoin was able to erase its losses over the past week to reclaim the $90K support to trade at $91,714.33 as of 2:19 a.m. EST.
The World Liberty buys also come as Trump prepares to welcome leading Web3 executives to the first White House Crypto Summit tomorrow.
Industry leaders including Coinbase CEO Brian Armstrong, Chainlink co-founder Sergey Nazarov, Strategy Chairman Michael Saylor and others have already confirmed their attendance at the event.
The event is expected to include over 25 participants, including members of the Presidential Working Group on Digital assets.
🚨SCOOP: As of this morning, the official invites for Friday’s White House Crypto Summit have yet to be sent out.
The guest list, according to two sources close to the proceedings, will be smaller than previously anticipated and feature industry bigwigs like @saylor.
The…
— Eleanor Terrett (@EleanorTerrett) March 4, 2025
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