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Cryptocurrency News Articles

WLFI Spends $2.996M on EOS as It Resumes Buying Spree

May 17, 2025 at 01:34 pm

This time around, the DeFi project purchased nearly 3.64 million EOS tokens—turns out a fair amount of them were in circulation.

WLFI Spends $2.996M on EOS as It Resumes Buying Spree

In a surprising development that renewed interest in one of the oldest crypto assets, WLFI, a decentralized project in the field of finance (DeFi) and reportedly backed by the Trump family, made another major acquisition on its way to becoming the global standard for decentralized assets.

This time around, the DeFi project purchased nearly 3.64 million EOS tokens—turns out a fair amount of them were in circulation. All told, the tokens cost just slightly less than $3 million.

The most recent purchase from WLFI marks the first in two months and is a strategic addition to one of the most closely scrutinized on-chain DeFi portfolios. With this acquisition, EOS breaks the out of a multi-year falling wedge and is up close to 10% from where it was before the buy.

WLFI Spends $2.996M on EOS as It Resumes Buying Spree

Following a two-month hiatus, the WLFI wallet boldly reentered the market, making a hefty purchase: 3,636 million EOS tokens for $2.996 million. This translates to about $0.824 per token. To put this in context, EOS is now part of a portfolio that already held a number of other tokens including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT.

In recent years, EOS has not been able to regain the kind of momentum it previously enjoyed, but this prominent purchase might be a sign of fresh enthusiasm. Financial pundits were swift to lay the blame for the price increase on WLFI’s operational decision, especially as the EOS price had recently broken out of a multi-year technical wedge formation.

The strategy of WLFI appears to be one of concentrated, long-term accumulation of what it considers to be reasonably priced or strategically significant digital assets. While this has yet to bear fruit in the form of actual profits, it certainly seems to be attracting attention, apparently due to the scale of the investment and the rumored associations with Trump family figures.

WLFI’s On-Chain Portfolio: $347 Million In, $291 Million Out

Following the recent EOS acquisition, WLFI has now invested a total of $347 million across 12 different tokens. The project’s asset mix includes both established names like BTC and ETH, as well as emerging new players like ENA and MOVE. If we look at the current market price of these tokens, the total value of WLFI’s holdings is about $291 million. That gives us an unrealized loss of approximately $53.07 million, or 15 percent.

时隔 2 个月,特朗普家族支持的 DeFi 项目 WLFI 再次进行了代币购买:一个半小时前使用 299.6 万 USDT 购买了 363.6 万枚 $EOS ,购买价格 $0.824。地址链接🔗👉:https://t.co/kLnqMV3dmf

到目前为止,WLFI 投资组合总共是花了 3.47 亿 U 配置买了 12… https://t.co/VoAMZPyl2Apic.twitter.com/vgA6EqbIjf

— 余烬 (@EmberCN) May 16, 2025

Some may view this as a bad signal, but others see this as part of a long-term strategy to accumulate in a market that is currently undervalued. In fact, the portfolio seems to be in a process of diversification not just across assets in different sectors of the crypto space but also across different kinds of investment vehicles. That is, layer-1 protocols, DeFi platforms, and real-world asset integrations are all part of the this crypto portfolio.

Interest in WLFI’s operations has only escalated, thanks to the supposed involvement of the Trump family. No governmental offices have made any official statements confirming this association, but that hasn’t stopped blockchain analysts from trying to figure out who’s behind the project. They continue to track wallet activity very closely, and with even more zest—and with even more zest and suspicion—try to figure out just who is working with them.

Market Reacts as EOS Tests Key Support

After the latest WLFI transaction, EOS saw a direct price increase of 10 percent. The token has now gone beyond a multi-year falling wedge pattern, which generally is seen as a shift toward a bullish indicator. This change has now put EOS in the between so-called “price zones,” where it’s had high demand in the past, from about $0.83 to $0.69.

Should EOS keep this support level, a longer-term recovery could be under way.

The post As Trump-Linked DeFi Project WLFI Makes Surprise EOS Buy, Token Breaks Out of Multi-

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