The decentralized finance (DeFi) platform linked to former President Donald Trump significantly increased its Ether holdings over the past week after the cryptocurrency’s price briefly dipped below $2,000.

Trump’s World Liberty Financial (WLFI) DeFi platform has tripled its Ether (ETH) holdings over the past seven days after ETH briefly fell below the $2,000 psychological mark, reversing from $1,991 on March 4, Cointelegraph Markets Pro data shows.

Data provided by Arkham Intelligence shows WLFI now holds approximately $10 million more in Ether compared to a week earlier. Its latest acquisitions include about $10 million worth of Ethereum, an additional $10 million in Wrapped Bitcoin (WBTC), and $1.5 million in Movement Network (MOVE) tokens.

Trump’s DeFi platform is currently sitting on a total unrealized loss of over $89 million across the nine tokens it invested in, Lookonchain data shows.

The dip buying comes during a period of heightened market volatility and investor concerns, driven by both macroeconomic concerns and crypto-specific events, including the $1.4 billion Bybit hack on Feb. 21, the largest exploit in crypto history.

The recent dip also resulted in a “broader flight towards safety in crypto markets,” prompting investors to seek safer assets with more predictable yield, such as tokenized real-world asset (RWA) tokenization, according to a Binance Research report shared with Cointelegraph.

Related: Can Ether recover above $3K after Bybit’s massive $1.4B hack?

Trump’s WLFI launches “Macro Strategy” fund for Bitcoin, Ether, altcoins

WLFI’s latest digital asset investments occurred nearly a month after the platform unveiled the “Macro Strategy” fund for Bitcoin (BTC), Ether and other cryptocurrencies “at the forefront of reshaping global finance.”

According to a Feb. 11 announcement, the fund aims to strengthen those projects and expand their roles in the evolving financial ecosystem:

“Together, we are building a legacy that bridges the worlds of traditional and decentralized finance, setting new standards for the industry.”

The fund aims to “enhance stability” by diversifying the platform’s holdings across a “spectrum of tokenized assets” to ensure a “resilient financial system” and to invest in “emerging opportunities within the DeFi landscape.”

The announcement comes three weeks after widespread speculation about the Trump family launching a “giant” business on Ethereum, according to Joseph Lubin, co-founder of Ethereum and founder of Consensys.

Related: Solana sees $485M outflows in February as crypto capital flees to ‘safety’

“Based on what I am aware of, the Trump family will build one or more giant businesses on Ethereum,” Lubin wrote. “The Trump administration will do what is good for the USA, and that will involve ETH.”

Lubin suggested that the Trump administration might eventually integrate Ethereum technology into government activities, similar to its current use of internet protocols.

Ether is currently the largest holding of WLFI, followed by $14.9 million worth of WBTC and $13.2 million worth of the USDT (USDT) stablecoin.

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