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Trump's Project Buys Bitcoin, Ethereum, and an Altcoin Before the Summit: Price Rising! - Coin Bulletin
The World Liberty Fund, owned by the Trump family, spent a total of 21.5 million dollars on Ethereum (ETH), Wrapped Bitcoin (WBTC), and MOVE token in a short period on March 6th.
According to the data provided by the crypto analysis platform Arkham, Trump's cryptocurrency project, the World Liberty fund, made a large-scale purchase through the Cow Protocol between 22:34 and 22:58 on March 6th, Turkey time. During this period, it was reported that the fund purchased 4,468 ETH, 110.6 WBTC, and 3.42 million MOVE tokens.
The purchases before the crypto summit attracted attention
The fact that these large-scale purchases took place before an important crypto summit to be held on Friday attracted attention. It is believed that the Trump-backed fund is following a strategy to strengthen its position in the markets before the summit.
Especially after the purchase of MOVE token, the MOVE price rose by 20% to reach $0.482.