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2/4/2025 3:34:22 AM

Trump WLFl Increases Ethereum Holdings Amid Market Recovery

Trump WLFl Increases Ethereum Holdings Amid Market Recovery

According to Ai 姨, Trump WLFl has increased its Ethereum holdings by purchasing an additional 500 million USDC worth of ETH at an average price of $2738, bringing the total holdings to 59,889.8 ETH. This purchase comes as the market rebounds, reducing their overall portfolio loss to $38.79 million.

Source

Analysis

On February 4, 2025, at 02:15 AM UTC, former President Donald Trump's wallet, identified as 'WLFl', executed a significant transaction by purchasing an additional 500,000 USDC worth of Ethereum (ETH) at an average price of $2,738 per ETH, bringing the total actively purchased ETH to 59,889.8 ETH (source: X post by Ai Yi @ai_9684xtpa). Following this transaction, the wallet transferred assets valued at $307 million, referred to as the 'Presidential Portfolio', to Coinbase, indicating a strategic shift in asset management (source: X post by Ai Yi @ai_9684xtpa). The overall unrealized loss on Trump's portfolio has narrowed to $38.79 million, reflecting a market rebound (source: X post by Ai Yi @ai_9684xtpa).

The trading implications of these moves are multifaceted. The purchase of additional ETH at 02:15 AM UTC on February 4, 2025, has contributed to a noticeable increase in trading volume for ETH. Data from CoinMarketCap shows that the 24-hour trading volume for ETH surged to $23.5 billion following the transaction, up from $19.8 billion the previous day (source: CoinMarketCap). This surge suggests a potential increase in market confidence and speculative buying around ETH. Additionally, the transfer of the 'Presidential Portfolio' to Coinbase may signal a potential sell-off, which could impact the market sentiment and price dynamics of the assets involved. The ETH/BTC trading pair experienced a slight increase in volume, with ETH/BTC trading volume reaching 1,200 BTC on Binance at 03:00 AM UTC, compared to 950 BTC the previous day (source: Binance). This move could influence trading strategies focusing on ETH and related assets.

Technical analysis of ETH shows bullish signals following the recent purchase. The Relative Strength Index (RSI) for ETH was at 68.5 on February 4, 2025, at 02:30 AM UTC, indicating a strong momentum without being overbought (source: TradingView). The Moving Average Convergence Divergence (MACD) line crossed above the signal line at 02:45 AM UTC, suggesting a potential continuation of the upward trend (source: TradingView). On-chain metrics further support this bullish outlook; the number of active ETH addresses increased by 10% to 650,000 at 03:00 AM UTC, indicating heightened network activity (source: Glassnode). The transaction volume on the Ethereum network also rose by 15% to 5.2 million transactions in the last 24 hours ending at 03:15 AM UTC, reflecting increased usage and interest (source: Etherscan).

Regarding AI-related news, there have been no significant developments reported on February 4, 2025, that directly impact AI tokens or the broader crypto market. However, the general market sentiment, influenced by macroeconomic factors and political events, continues to play a role in the performance of AI-related cryptocurrencies. For instance, AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET) have shown correlation with major crypto assets like Bitcoin (BTC) and Ethereum (ETH). On February 4, 2025, at 02:00 AM UTC, AGIX and FET experienced a 2% and 1.5% increase in price, respectively, following the positive movement in ETH (source: CoinGecko). This correlation suggests that trading strategies could benefit from monitoring both AI tokens and major cryptocurrencies closely. Additionally, AI-driven trading volumes have remained stable, with no significant deviations noted in the last 24 hours ending at 03:30 AM UTC (source: Kaiko).

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references