Trump’s World Liberty Financial Dumps $1M USDC for 256.75 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.