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news-imageJanuary 20, 2025

World Liberty Financial Purchases 14,403 Ethereum, ETH Price Rally Ahead?

Donald Trump's decentralized finance (DeFi) project World Liberty Financial has purchased a massive 14,403 Ethereum in the last 24 hours, cementing further confidence in the altcoin. The project made a fresh investment of $16 million in buying these coins and is already sitting on profit as the ETH price surged 5% to $3,4000.
Publisher: Coingape
Sentiment: Positive
ETH

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World Liberty, Trump's associated decentralized finance project, acquired over $100 million worth of ETH before its launch. While the spotlight has been taken by the meme tokens of President Trump and the First Lady, World Liberty has been accumulating Ether stealthily. According to Spot on Chain, World Liberty bought $48 million worth of ETH yesterday.

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Ethereum Whales Continue to Accumulate as ETH Nears $3,500

Ethereum's price has been steadily climbing toward $3,500, and with this surge, Ethereum whales have been increasingly accumulating the cryptocurrency. According to data from IntoTheBlock, these whales now control a significant 43% of Ethereum's total circulating supply.

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The cryptocurrency market has seen significant price action, with Bitcoin recently reclaiming the $100,000 mark, Ethereum experiencing some pullback, and XRP reaching a 7-year high by surpassing the $3 mark. As market sentiment begins to shift toward bullish expectations, many are wondering whether this momentum will continue into the upcoming week.

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