Trump’s World Liberty Fi just bought another dinosaur token, EOS
By: bitcoin ethereum news|2025/05/16 16:15:04
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Trump’s crypto fund World Liberty Fi acquired EOS tokens for the first time. The asset, which is soon to be rebranded with a new ticker, makes up a small portion of the WLFI portfolio, but may serve as an endorsement for the project. World Liberty Fi acquired EOS in a single transaction valued at $2.99M, buying the tokens at $0.82. Following the purchase, EOS traded between $0.80 and $0.84 on different exchanges due to low volumes and volatility. This time around, World Liberty Fi used a DEX for the purchase, acquiring the BNB Smart Chain version of EOS. The swap for USDT was made through PancakeSwap, meaning the fund is not holding the main chain EOS and may have a more complex path to swapping it for the new ticker. With the latest purchase, the World Liberty Fi portfolio expanded to around $106M, with other assets still actively swapped and traded. The acquisition is an outlier for World Liberty Fi, which has focused on the Ethereum ecosystem for its main operations, as well as the BNB Smart Chain for its USD1 stablecoin. The EOS token runs on a separate chain, with an entirely different network. EOS was already a high-profile ICO, but unlike Ethereum and Solana, the chain lagged behind in terms of apps and DeFi. The chain locks in just $690M, despite being older than Solana and on par with BNB Smart Chain. The EOS token sale was outsized even compared to early ICO standards. The project reportedly raised $4.6B from selling its native tokens for ETH. However, the ample funding did not translate into good use cases and apps, as the chain currently has only around 2.8K daily active users. Instead, EOS was mostly used for speculation. The asset retained its listing on Binance, where most of the liquidity is concentrated. World Liberty Fi buys EOS just before rebranding The move to buy EOS is even more confusing, since the token is on its way out, to be rebranded to Vaulta. The new project announced the swap feature is open since May 14, so World Liberty Fi will now have to either trade the holdings, or swap them out for the new token. You can now swap your $EOS tokens for $A at a 1:1 ratio through the official Vaulta Swap Portal. 1⃣ Go to: https://t.co/57N5nJs1as 2⃣ Connect wallet & login. 3⃣ Click swap. 4⃣ Select amount & approve transaction. A step-by-step guide to completing the swap. ️ pic.twitter.com/J0DMG4SDAl — Vaulta (prev. EOS) (@Vaulta_) May 14, 2025 In any case, EOS will be delisted soon, to be replaced by its new ticker, A. The purchase also raised questions on the potential value of EOS and the chain’s future. The crypto community commented on previous ETH purchases, which were then sold at a loss. This led to questioning the intentions behind buying EOS, while betting on the project’s revival as Vaulta . The unusual decision to acquire a position in this project also raised speculations of potential insider information known to the World Liberty Fi managers. Previously, World Liberty Fi gave similar endorsement to Movement (MOVE), later selling all tokens at a loss following a scandal with the project’s market makers and insider token allocations. Cryptopolitan Academy: Coming Soon – A New Way to Earn Passive Income with DeFi in 2025. Learn More Source: https://www.cryptopolitan.com/world-liberty-fi-bought-dinosaur-token-eos/
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