- WLFI, a crypto project linked to Trump, has made large cryptocurrency purchases, fueling speculation before the White House Crypto Summit.
- The summit on March 8 may reveal key policies, and investors are closely watching for regulatory changes that could impact the market.
Market analysts closely monitor WLFI’s decentralized finance project transactions because it is tied to the Trump family just before the White House Crypto Summit. The $336 million digitized assets that WLFI holds exclusively in Bitcoin and altcoins cause community members to wonder about possible market strategy effects.
WLFI’s Massive Crypto Purchases Spark Market Speculation
Just days before the White House Crypto Summit, WLFI went on a cryptocurrency buying spree that invested $21.5 million in digital assets. The acquisitions totalled $10 million for Wrapped Bitcoin (110 WBTC), $10 million for Ethereum (4,468 ETH), and $1.5 million for MOVE tokens (3.42 million MOVE).
The crypto spending by WLFI amounts to $336 million and has been directed toward purchasing nine digital tokens, including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, and SEI. The transferred assets from WLFI to Coinbase Prime have not received confirmation about their status of being sold. A project-specific loss of about $88 million exists because Ethereum reflects the highest monetary loss of $67.35 million to date from unsold cryptocurrency holdings. ENA has suffered the most substantial decline in value, with its price plummeting to 63%.
距离 3/8 凌晨的白宫加密峰会还有一天多的时间 (会上特朗普可能会公布比特币储备战略)，特朗普家族支持的 DeFi 项目 WLFI 又购买了 $2150 万的代币。
包括：$1000 万的 $WBTC (110 枚)、$1000 万的 $ETH (4468 枚)、$150 万的 $MOVE (342 万枚)。到目前为止 WLFI 总共是花了 3.36 亿 U 配置购买过 9… pic.twitter.com/n6MTk2nctn
— 余烬 (@EmberCN) March 6, 2025
During his recent presentation, President Trump expressed his plan for the creation of a cryptocurrency reserve where Bitcoin and Ethereum serve as foundation assets and XRP, SOL, and ADA represent secondary choices. According to his latest statement, BTC and ETH remain the core assets due to their significant market value. Commerce Secretary Howard Lutnick declared that Bitcoin differed in management from the alternative coins that President Trump had previously discussed.
Will New Regulations Emerge from Trump’s Crypto Summit?
A watershed event for the cryptocurrency industry will occur during the White House Crypto Summit on March 8. The event will run from 1:30 p.m. ET until 5 p.m. ET and will be directed by President Trump’s AI and crypto policy advisor, David Sacks. Industry leaders and task force members appointed by Trump will lead discussions about the administrative crypto guidelines.
Market players and investors expect major policy statements to have substantial effects on the digital asset marketplace. The upcoming summit has prompted market participants to position themselves by buying Bitcoin and other cryptocurrencies, resulting in a minor price increase.
Speculation regarding WLFI’s crypto initiatives, combined with expectations about Trump’s strategic principles, could receive much-needed answers during this upcoming summit. Regulatory changes are the focus of attention as the event approaches since they will establish market-wide effects.