On January 19, World Liberty Monetary, backed by the Trump household, bought 4 Ethereum Title Companies. Is that this step one in the direction of a historic Trump crypto regime?
World Liberty Monetary (WLFI), the crypto challenge backed by the household of newly elected President Donald Trump, has acquired 4 Ethereum (ETH) Title Service domains forward of his inauguration because the forty seventh US President.
The Trump family-backed World Liberty Monetary secures 4 high-profile ENS domains, together with trumpcoin.eth, through secondary market transfers to their multisig pockets. Sourced from Etherescan by crypto.information.
The domains acquired embrace worldliberty.eth, trumpcoin.eth, erictrump.eth and barrontrump.eth. The primary two domains are related to WLFI and the Trump surname, whereas the final two are related to Donald Trump’s second son, Eric Trump, and third son, Barron Trump.
ENS is a decentralized area title system constructed on the Ethereum blockchain, permitting human-readable addresses to be mapped to Ethereum pockets addresses. ENS simplifies advanced pockets addresses by changing them with easy-to-remember names. Customers can rename their wallets and purposes and use them for blockchain-based web sites.
Excessive-profile ENS names, equivalent to trumpcoin.eth, are sometimes bought for his or her model worth and to scale back the possibility of errors when getting into sophisticated pockets addresses.
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The acquisition of the ENS domains seems to be a secondary market buy, which means they will need to have been acquired by another person within the first place. Wanting on the particulars from Etherscan, they had been transferred instantly from one other pockets to the World Liberty Multisig pockets utilizing bulk supply, as direct registrations typically don’t permit bulk switch transactions.
Trump’s official introduction to crypto?
Apparently, Donald Trump launched the ‘official’ Trump token (TRUMP) simply 48 hours earlier, on January 18, 2025. The token is priced at $53.51 and has seen a buying and selling quantity of $44.44 billion in simply 24 hours, in keeping with CoinmarketCap.
WLFI’s current buy of the area trumpcoin.eth falls according to President Donald Trump’s speedy “official” introduction to the crypto world. It’s no coincidence that WLFI bought these ENS domains simply earlier than Donald Trump was able to be inaugurated because the forty seventh President of the US.
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In a relatively symbolic method, this act of buying ENS names for TRUMP cash like trumpcoin.eth itself sends a transparent message to the complete crypto group and the world past, that WLFI could also be organising Trump’s pro-crypto motion strikes to additional his to safe share within the crypto market, particularly as rumors have given the impression of a Trump govt order on crypto that may doubtless be made a nationwide precedence.
WLFI’s portfolios have proven important progress in current months, culminating in a pointy enhance on January 19, reflecting the group’s rising crypto portfolio. Sourced from Dune by crypto.information.
WLFI has invested deeply in cryptocurrencies. In accordance with Coingecko, WLFI’s crypto portfolio consists of Ethereum (ETH), Chainlink (LINK), Aaave (AAVE), and Ondo (ONDO), to call a couple of.
Beforehand, in December 2024, WLFI additionally exchanged roughly $10 million Coinbase-wrapped Bitcoin (cbBTC) for wrap Bitcoin (WBTC). Because the political gasoline churns, the PolitiFi sector, a meme coin sector tied to political occasions, is up 115.7% prior to now 24 hours, with a market cap of $14.1 billion.
Learn extra: Will Trump’s Inauguration Trigger an Unexpected Growth within the Crypto Market?