The Trump family\u2019s decentralized finance project, World Liberty Financial, has been buying more Ethereum recently.<\/p>\n
According to Lookonchain, the project address spent a total of $48 million in USDC to buy 14,403 ETH at $3,333 per coin over the past 12 hours.<\/p>\n
The DeFi platform now holds 33,629 ETH worth almost $110 million, which is by far its largest holding, followed by $63 million USDT, according<\/a> to Arkham Intelligence.<\/p>\n Trump\u2019s World Liberty(@worldlibertyfi<\/a>) continues to buy $ETH<\/a>, spending a total of 48M $USDC<\/a> to buy 14,403 $ETH<\/a> at $3,333 in the past 12 hours.https:\/\/t.co\/wi54dG9Rok<\/a> pic.twitter.com\/LZCZokB5sT<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) January 20, 2025<\/a><\/p>\n\n The move was observed by Ethereum educator and community member Anthony Sassano, who said, \u201cTrump bought around 5,000 ETH today, which brings his total holdings to around 18,700 ETH,\u201d before adding<\/a>:<\/p>\n \u201cYou\u2019re bearish on ETH while the US president continues to increase his stack.\u201d<\/p>\n Ethereum developer Eric Connor also highlighted the President-elect\u2019s Ethereum buying spree.<\/p>\n President Trump just bought $20mn in ETH pic.twitter.com\/Ww8tXFrMKd<\/a><\/p>\n \u2014 eric.eth (@econoar) January 19, 2025<\/a><\/p>\n\n According to Arkham, Trump\u2019s personal wallet contains<\/a> 496 ETH worth around $1.62 million, in addition to 483 wrapped ETH and a bunch of meme coins<\/a>.<\/p>\n The World Liberty Financial project team announced that the token sale had ended on Jan. 20, with a sales target of 20% of the total supply reached.\u00a0It added<\/a> that it would offer a further 5 billion WLFI tokens up for sale \u201cDue to massive demand and overwhelming interest.\u201d<\/p>\n The DeFi governance token is not available to trade on exchanges because it is non-transferable and has no economic value, according to the official website.<\/p>\n It was also reported that the Trump family has been buying up Ethereum<\/a> domain names.<\/p>\n\n BREAKING: Donald Trump Family DeFi Project (World Liberty) have just purchased ETHEREUM addresses:<\/p>\n TrumpCoin.eth Notice that they bought \u201cTrump Coin\u201d which could imply my Speculatiev Prophecy may come\u2026 pic.twitter.com\/t7kRlffsyQ<\/a><\/p>\n \u2014 yourfriendSOMMI (@yourfriendSOMMI) January 20, 2025<\/a><\/p>\n\n Despite the clearly bullish action of a US president\u2019s crypto project buying Ethereum, there has still been very little momentum on spot markets.<\/p>\n ETH prices are down 5% over the past 12 hours falling from $3,440 to around $3,260 at the time of writing during the Monday morning Asian trading session.<\/p>\n Moreover, the asset has failed to follow Bitcoin and many of the altcoins that rallied last week. ETH has done very little since it last tapped $4,000 in early December and remains lackluster and the target of continued FUD on social media despite the bullish developments.<\/p>\n Additionally, the ETH\/BTC ratio fell to its lowest level for almost 4 years over the weekend when it hit 0.030, according<\/a> to Tradingview.<\/p>\n BREAKING : Ethereum$ETH<\/a> plunging to its lowest valuation relative to Bitcoin $BTC<\/a> since March 2021 pic.twitter.com\/itvpN9Wyzp<\/a><\/p>\n \u2014 Barchart (@Barchart) January 19, 2025<\/a><\/p>\n\n However, Donald Trump\u2019s inauguration today and the performance of crypto derivatives could push ETH prices back toward the $4,000 level, according<\/a> to analysts.<\/p>\n The post Donald Trump\u2019s Ethereum Buying Spree Does Little for ETH Prices<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The Trump family\u2019s decentralized finance project, World Liberty Financial, has been buying more Ethereum recently. According to Lookonchain, the project address spent a total of $48 million in USDC to buy 14,403 ETH at $3,333 per coin over the past 12 hours. The DeFi platform now holds 33,629 ETH worth almost $110 million, which is […]<\/p>\n","protected":false},"author":0,"featured_media":37248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-37247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37247"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37247"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/37248"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trump Bullish on ETH<\/h2>\n
\nWorld Liberty.eth
\nEricTrump.eth
\nBarronTrump.eth<\/p>\nNo Love for ETH Prices<\/h2>\n