It seems that WLF is preparing to launch a De-Fi service.
Recently, WLF(World Liberty Financial) used most USDT(Tether) to buy around 60k ETH(Ethereum). Now, they only hold about 4m USDT. However, they've not used much USDC yet.
There's an interesting point 🤔 WLF bought wrapped assets such as WBTC(Wrapped BTC) and WETH(Wrapped ETH). Specifically, WBTC is related to Justin Sun, and it was delisted by Coinbase a few months ago. Somehow, Coinbase can't ignore WLF's this movement.
Furthermore, WLF holds stETH(Lido Staked ETH), and TRX.
Alright, let's encapsulate it. WLF holds many ETH and USDC, and they bought wrapped assets such as WBTC. Many De-Fi(Decentralized Finance) LP(Liquidity Provision) pools provide basic LP pools such as A/stablecoin, B/WBTC, etc. Is it coincidental? That's why I think they're preparing to launch a De-Fi service.
By the way, WLF bought 20m TRX(Tron) yesterday. It looks like they're making a very large De-Fi service in the world. Imagin what will happen if WLF connects all L1(Layer 1) chains for De-Fi 🤑
I've not read a white paper of WLF yet. I gotta read it until this month. The 3rd altseason is literally Trumpseason 🤣
By the way, do you know Wall Street holds more than 3.5m ETH 🤔 It's around $1.2b. They've been accumulating ETH since last summer.
If ETH literally sucked, Wall Street and WLF should have abandoned ETH. But, they didn't. I think most robust chains will survive and grow together through De-Fi this Trumpseason 💪
I think ETH still has a lot of potential that has not exploded, because TRUMP MELANIA, the meme currency issued by the Trump family, sold off heavily after being listed and then bought ETH.