Trump’s World Liberty Financial Dumps $1M USDC for 256.75 ETH
Main Idea
Trump-linked World Liberty Financial has significantly increased its Ethereum holdings, purchasing 256.75 ETH for $1 million, as part of a broader trend of institutional accumulation of ETH.
Key Points
1. World Liberty Financial acquired 256.75 ETH at an average price of $3,895, adding to its total holdings of 77,226 ETH valued at approximately $296 million.
2. The purchase follows recent acquisitions, including 561 ETH for $2 million and 3,473 ETH for $13 million, indicating a sustained buying spree.
3. Other entities, such as SharpLink Gaming and BitMine Immersion Tech, are also accumulating large amounts of ETH, with SharpLink holding 438,017 ETH and BitMine leading with 566,800 ETH.
4. Ethereum's market strength is supported by record ETF inflows, with $1.59 billion in inflows last week and total ETH ETF assets reaching $21.5 billion.
5. Technical analysis suggests Ethereum may be poised for a breakout, with a potential target near $5,000, supported by bullish indicators and reduced exchange balances.
Description
World Liberty Financial, a crypto project linked to U.S. President Donald Trump, has continued its aggressive Ethereum accumulation strategy, purchasing another $1 million worth of ETH. According to data from Akhram, the platform acquired 256.75 ETH at an average price of $3,895 in a transaction carried out roughly 23 hours ago. Source: Akhram World Liberty Financial Ramps Up Ethereum Holdings to $296M The purchase was first flagged by on-chain researcher Onchain Lens, who highlighted that the a...
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