Ethereum in the Spotlight Again as Trump’s WLF Buys In

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DailyCoin2025/01/20 14:11

By:DailyCoin

Ethereum in the Spotlight Again as Trump’s WLF Buys In

Ethereum tests critical levels as both the Trump empire and the crypto space turn their attention to the world’s second-largest cryptocurrency, Ethereum (ETH) .

Ethereum Price Stabilizes After Roller-Coaster Weekend

Ethereum (ETH) price retraced from an 8.3% decline early Monday, touching the $3,425 level once again in the 24 hours.

Trump’s World Liberty Finance Accumulates ETH

As the crypto market turned red on Sunday, ETH made a sudden 9.4% spike, surging from $3,140 to $3,438 in just a few hours.

The price jump occurred immediately after Donald Trump backed crypto project, World Liberty Financial (WLF) purchased 14,403 ETH coins on Sunday, worth $47.41 million. Currently, WLF holds 42,182 ETH, valued at approximately $141.9 million, according to Arkham Intelligence data .

Ethereum in the Spotlight Again as Trump’s WLF Buys In image 2

Ethereum in the Spotlight Again as Trump’s WLF Buys In image 3

World Liberty Finance bought $47.41 million worth of ETH a day before Trump’s inauguration. Source: Arkham Intelligence

WLF’s Ethereum purchase has sparked market optimism, driven by Trump’s crypto-friendly stance and speculation that his potential White House return could boost Bitcoin and other digital assets.

The intrigue deepened further with a teasing post by Eric Trump, the second son of former U.S. President Donald Trump, on X regarding WLFI’s increased holdings in ETH, as he commented, ‘Wait until you see what they do tomorrow!”

Wait until you see what they do tomorrow! 🚀🚀 @worldlibertyfi https://t.co/v8eRDFImHo
— Eric Trump (@EricTrump) January 20, 2025

Vitalik Buterin Reorganizes Ethereum Foundation

On January 18, Ethereum co-founder Vitalik Buterin unveiled plans to revamp the Ethereum Foundation’s leadership, addressing long-standing concerns.

The reforms aim to bolster support for decentralized application developers and prioritize core principles: decentralization, censorship resistance, and privacy.

Buterin further emphasized that the foundation will steer clear of political lobbying, ideological shifts, and regulatory influence to uphold Ethereum’s neutrality.

On The Flipside

Ethereum’s price is currently lagging behind many altcoins. Over the past 90 days, ETH has increased by only 28.4%, while other major cryptocurrencies have more than doubled in value.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Donald Trump will be sworn in as the 47th President of the United States later today, representing a “pivotal moment” for the crypto industry, according to experts.Establishing a bitcoin strategic reserve and commuting the sentence of Silk Road creator Ross Ulbricht are among the executive orders speculated for Trump’s first day.

The Block•2025/01/20 17:55

'Trump inauguration euphoria' prompts $2.2 billion in crypto fund flows and AUM all-time high: CoinShares

Global crypto investment products attracted net inflows of $2.2 billion last week amid “Trump inauguration euphoria,” according to asset manager CoinShares.Last week’s inflows and positive price action were enough to propel total assets under management to an all-time high, CoinShares Head of Research James Butterfill noted.

The Block•2025/01/20 17:55