A cryptocurrency venture endorsed by Donald Trump, World Liberty Financial, has purchased a large sum of Ether, as the token has shown a modest increase in value compared to Bitcoin.
On January 19th, World Liberty Financial acquired approximately 14,403 units of Ether (ETH), amounting to a total value of around $48 million, as reported by Lookonchain on the same day.
As per the information from Arkham Intelligence, the entire Ethereum (ETH) holding of World Liberty has surpassed 33,630 ETH, which is equivalent to approximately $107 million in value.
The comparison between ETH and BTC, indicating Ether’s performance in relation to Bitcoin, has experienced a minor increase, climbing by 0.79% to approximately 0.03197. This rise comes after a significant drop of 18% over the past six weeks, according to data from TradingView.
Following the unexpected release of a memecoin by Trump, there was a surge in interest for Solana’s native token (SOL), which reached an unprecedented peak of $270 as a result, setting a new record high.
It is not clear why World Liberty has been buying Ethereum; however, one of their advisors, Eric Trump, hinted on a January 19th post that they have an upcoming project or plan related to the platform.
“Wait until you see what they do tomorrow,” he wrote.
Over the past 24 hours, the value of Ether has varied from $3,133.98 to $3,439.78, but at present, it has decreased by 1.5% for the day, currently sitting at $3,230, as reported by CoinGecko.
The number of searches related to “Ethereum” on Google experienced a surge, as indicated by Google Trends, with the term attaining its highest level of interest on January 19th.
On the eve of Donald Trump’s U.S. presidential inauguration, Melania Trump, who was about to become the First Lady, introduced her own meme-based cryptocurrency as well.
During the debut of his wife’s memecoin, approximately $5 billion was erased from Donald Trump’s token’s total market value. In just 40 minutes, the price of the token plummeted by 38%, as indicated by information from CoinMarketCap.
In a brief span of just under two hours, Melania Trump’s unique meme cryptocurrency, named MELANIA, reached a staggering valuation of six billion dollars. According to the token’s official website, its creation is intended as a platform for people to showcase their backing and support.
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2025-01-20 06:28