Donald Trump’s Ethereum Buying Spree Does Little for ETH Prices

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It’s been noted that the World Liberty Financial initiative by the Trump family has been acquiring additional Ethereum lately.

As reported by Lookonchain, it’s been revealed that the project has invested approximately $48 million in USDC to acquire a total of 14,403 Ethereum coins priced at around $3,333 each during the last 12-hour period.

Currently, the DeFi platform boasts a significant asset of approximately 33,629 ETH, equivalent to nearly $110 million, as its most substantial investment. This is closely trailed by around $63 million in USDT, as reported by Arkham Intelligence.

Trump’s World Liberty (@worldlibertyfi) has recently invested 48 million USDC, purchasing approximately 14,403 ETH at an average price of around $3,333 over the last 12 hours.

— Lookonchain (@lookonchain) January 20, 2025

Trump Bullish on ETH

According to Ethereum educator and community member Anthony Sassano, it was noted that Trump purchased approximately 5,000 Ether today, increasing his overall Ether holdings to roughly 18,700 Ether. He further mentioned this fact.

“You’re bearish on ETH while the US president continues to increase his stack.”

Ethereum developer Eric Connor also highlighted the President-elect’s Ethereum buying spree.

President Trump just bought $20mn in ETH

— eric.eth (@econoar) January 19, 2025

As per Arkham’s report, it is stated that Donald Trump possesses approximately 496 Ethereum (ETH) valued at roughly $1.62 million, along with 483 wrapped ETH and various meme-based cryptocurrencies.

The World Liberty Financial team declared that the token sale concluded on January 20th, achieving 20% of the total token supply as their target. They also mentioned an additional 5 billion WLFI tokens would be made available for purchase due to exceptionally high demand and intense curiosity.

From my research perspective, I’ve found that the DeFi governance token cannot be traded on exchanges due to its non-transferable nature and lack of inherent economic value, as stated on the official website.

It was also reported that the Trump family has been buying up Ethereum domain names.

BREAKING: Donald Trump Family DeFi Project (World Liberty) have just purchased ETHEREUM addresses:

TrumpCoin.eth
World Liberty.eth
EricTrump.eth
BarronTrump.eth

Notice that they bought “Trump Coin” which could imply my Speculatiev Prophecy may come…

— yourfriendSOMMI (@yourfriendSOMMI) January 20, 2025

No Love for ETH Prices

Although the U.S. president’s crypto initiative appears optimistic by purchasing Ethereum, there remains minimal activity and movement in the actual marketplaces for immediate transactions.

Over the last 12 hours, the value of ETH has dropped approximately 5%, going from roughly $3,440 to about $3,260 during the early trading hours in Asia on a Monday.

Additionally, this asset did not mimic Bitcoin‘s rise, nor did it participate in the surge experienced by many alternative coins during the previous week. Ether (ETH) has shown minimal progress since it reached $4,000 in early December and continues to be underwhelming, while facing ongoing negativity on social media platforms. Despite positive advancements, it remains a target of FUD (Fear, Uncertainty, and Doubt).

Over the past weekend, the value of Ethereum relative to Bitcoin reached a nearly four-year low, dropping down to 0.030 as per data from Tradingview.

BREAKING : Ethereum$ETH plunging to its lowest valuation relative to Bitcoin $BTC since March 2021

— Barchart (@Barchart) January 19, 2025

Nevertheless, some analysts believe that the inauguration of Donald Trump today and the fluctuations in crypto derivative markets might cause ETH prices to potentially drop towards the $4,000 mark.

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2025-01-20 09:16