World Liberty Financial, a DeFi project tied to Donald Trump, gained 14,403 Ethereum in a single day which brings speculation to the altcoin bullish sentiment. The project spent $16 million on the purchase
But is already making a return as Ethereum price climbed up 5% to $3,400. This kind of investment clearly shows that the project has an interest in the cryptocurrency market and is looking to grow in the future.
World Liberty Financial Stashes More Ethereum
World Liberty Financial (WLFI), which has ties to Donald Trump, has recently expanded its holdings of Ethereum by purchasing 14,403 ETH at a unit price of $3,333, costing them a total of 48 million USDC, as shown by Arkham Intelligence.
The entity now holds 40,765K ETH valued at approximately $138.5 million, a large part of which is kept on Coinbase. This accumulation dispels speculation that WLFI was selling their ETH, as the transfers appear to be normal and not meant for liquidation.
More Ethereum Purchases Coming?
The Executive Vice President of the Trump Organization, Eric Trump, is predicting more purchases of Ethereum in the near future. Following the recent prophesies regarding the launch of the TRUMP
And MELANIA meme coins, Donald Trump Jr. also expressed pride and excitement with regards to his family’s achievements in the sphere of cryptocurrency.
ETH Price Surge to $4,000 Begins
The price of Ethereum is increasing and is heading for the $4,000 mark. After a lackluster week last week, bulls are back in action, pushing the figure up by 5.11% to over $3,400. According to Coinglass data, trading volumes soared by 117% to $68 billion, while total ETH liquidations amounted to $209 million.
CrediBULL crypto’s analysis suggests that ETH is bouncing off the robust support level of $3,100 and heading for the mark of $4,000.
During bullish cycles, Ethereum averagely trades above the pricing band Loz MVRV around $3.2, which as Martinez a bullish analyst stated is now sitting at $7,000.
Token Sale for World Liberty Financial (WLFI)
World Liberty Financial has already finished the pre-sale of its token and, because of excess demand, is now providing more at a marked-up price of 230 percent. Initially, the platform had intended to sell 20% of its total 100 billion tokens
But as of September, they have successfully managed to sell some of their tokens and are now providing an additional 5 billion forsale at 5 cents each. The project has made an official announcement stating:
The founder of Tron, Justin Sun, capitalized on this opportunity with the TRON DAO increasing their investment in World Liberty Financial by another $45 million. With this new investment, TRON DAO has now pumped a total of $75 million into the DeFi venture.
