Did Donald Trump Buy $48M Ethereum? The Truth Behind the Mega Purchase

As the White House finalizes preparations to welcome Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President businesses and individuals connected to the Trump family are making big moves in the cryptocurrency market. One of the latest developments is the massive Ethereum purchase made by World Liberty Financial (WLF).

Eric Trump hints at more exciting moves, saying, “Wait until you see what they do tomorrow.” Definitely, the Trump family’s engagements have created a buzz in the market. The element of curiosity has been lifted to its peak.

What’s coming next? Let’s explore further!

WLFI’s Huge Ethereum Purchase

On January 19, World Liberty Financial, a DeFi venture tied to the Trump family, bought 14,403 ETH at an average price of $3,300 per coin. This means WLF invested at least $48 million in this deal. Following the purchase, WLF’s total Ethereum holdings have reached around 28,612 ETH. With Ethereum priced at $3,357 at the time of writing, WLF’s total ETH holdings are worth about $96 million.

Analysts, like Min Jung, believe WLF is operating more like a fund than a traditional DeFi protocol, increasing its influence in the crypto market.

WLF Token Sales and Asset Growth

Reports show that WLF has already sold at least 20% of its token supply, taking advantage of the growing demand. Additionally, WLF plans to release another 5% of its tokens, which could draw even more interest.

The value of WLF’s holdings has soared, jumping from around $187 million to more than $235 million, making its position in the market even stronger.

Trump Family’s Memecoins

In the past weekend, the Trump family launched two meme coins that have quickly gained attention:

$TRUMP, launched on January 18, has surged by 837.15%, now priced at $60.61. On January 19, it reached a high of $72.62.

$MELANIA, which debuted just a day after $TRUMP, has increased by 42.80%, with a price of $13.06. It briefly peaked at $12.95 on January 20, and in the past 24 hours alone, it rose by 75.8%.

Eric Trump has shared his excitement about the family’s impact on the crypto market and teased that more exciting developments are coming soon.

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Crypto & Policies Come Together

WLF also made waves by transferring $60 million in assets, sparking speculation about their plans. However, the WLF team dismissed these rumors, explaining that the transfer was part of “routine treasury management.”

As these developments unfold, they are likely to change how people view blockchain and its potential in the future.