In the past day, World Liberty Financial, Donald Trump’s DeFi project, has invested a significant amount of $16 million by purchasing approximately 14,403 Ethereum. This move strengthens the belief in Ethereum as an altcoin. With the ETH price increasing by 5% to around $3,400, the project is already seeing profits from this investment.
World Liberty Financial Stashes More Ethereum
Trump’s World Liberty Financial (WLFI) has been steadily purchasing Ethereum over the last 12 hours, spending approximately 48 million US Dollars to acquire a total of 14,403 ETH at an average price of around $3,333. This information is based on data from Arkham Intelligence.
Currently, the organization is in possession of around 40.765 million Ethereum, equivalent to roughly $138.5 million. Notably, a substantial portion of this Ethereum is kept with Coinbase, a well-known platform, which they’ve recently transferred into their account.
As a crypto investor, I’ve been reassured by the latest developments concerning the Donald Trump DeFi Project. The recent accumulation has alleviated my concerns about them offloading their ETH. In fact, as World Liberty Financial clarified, these transactions were simply routine transfers to new wallets and not part of any selling process.
More Ethereum Purchases Coming?
Contrarily, Eric Trump, a high-ranking official at the Trump Organization, seems to suggest that further developments are yet to unfold.
Wait until you see what they do tomorrow! @worldlibertyfi
— Eric Trump (@EricTrump) January 20, 2025
In reference to the latest events regarding the debut of the TRUMP meme token and the MELANIA meme token, Donald Trump Jr. penned a comment.
We’re incredibly pleased with our ongoing achievements in the realm of cryptocurrency. At the moment, $Trump is the most buzzing digital meme globally, and I strongly feel that World Liberty Financial is destined to redefine DeFi/Cefi and shape the future of finance. The best is yet to come for us!
ETH Price Surge to $4,000 Begins
Reflecting on yesterday’s dip, I’ve found myself back in the bullish camp for Ethereum! Over the past 24 hours, the price of ETH has soared by approximately 5.11%, breaking through the $3,400 barrier. This surge has also resulted in a significant increase in daily trading volumes, which have spiked an impressive 117% to reach $68 billion. Interestingly, data from Coinglass reveals that total Ethereum liquidations have skyrocketed to $209 million within the same timeframe.
According to well-known cryptocurrency analyst CrediBULL crypto, Ethereum (ETH) appears to have recovered after hitting robust support at approximately $3,100 and is now aiming for its next goal of around $4,000.
According to well-known analyst Ali Martinez, it’s been observed in each bull run that Ethereum’s price exceeds the 3.2 Multivariate Value Realized Price Band, which is presently set at around $7,000.
During each period of market growth, or bullish cycle, the trading price for Ethereum ($ETH) consistently exceeds its 3.2 Multi-Version Realized Value (MVRV) Threshold. At present, this threshold stands at approximately $7,000!
— Ali (@ali_charts) January 20, 2025
World Liberty Financial (WLFI) Token Sale
World Liberty Financial, having successfully concluded the presale of their token, is now providing a further opportunity to invest, with tokens priced at a 230% premium due to high demand. The platform was introduced in September and initially aimed to sell 20% of its total supply, which is 100 billion tokens. However, due to extraordinary interest, an additional 5 billion tokens are now available for purchase at just 5 cents per token. As stated in the project’s official announcement:
Our task is now accomplished, and we’ve successfully sold 20% of our total token offering. Given the immense demand and high level of interest, we’re excited to announce that we will be making available an extra 5% of our token supply.
Justin Sun, the creator of Tron, seized this moment to amplify Tron Decentralized Autonomous Organization’s (Tron DAO) investment in World Liberty Financial by an extra $45 million. This recent infusion brings Tron DAO’s overall investments in the DeFi sector to a total of $75 million.
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2025-01-20 14:00