Ethereum in the Spotlight Again as Trump’s WLF Buys In
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.
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The coin experienced a roller-coaster weekend as Donald Trump’s newly launched TRUMP memecoin, followed by his wife Melania Trump’s new memecoin MELANIA, drew liquidity out of nearly every asset in the crypto space.
Despite briefly dipping below $3,200, ETH is trading at $3,373 at the time of writing.
Ethereum (ETH) price regains strength. Source. CMC
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 .
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!”
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.
Check out trending DailyCoin’s articles:
TRUMP Recovers After MELANIA Launch, Bitcoin Hits ATH
Whales Are Back: Coinbase OTC Trades Mark Massive Inflows
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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