Donald Trump’s cryptocurrency endeavor, World Liberty Financial, has acquired 14,403 Ether (ETH) for $48 million in acquisitions. This substantial investment, made on January 19, comes as Ether begins to show resistance versus Bitcoin.
The ETH/BTC ratio, which measures Ether’s performance relative to Bitcoin, increased 0.79% to 0.03197 after falling 18% in the previous six weeks. Following the latest buy, World Liberty Financial’s overall Ethereum holdings have increased to 33,630 ETH, totaling more than $107 million.
This strategic approach coincides with the increased market activity surrounding Ether. Trump’s recent creation of a memecoin on the Solana network sparked a rise in the Solana token, sending its price to an all-time high of $270.
While World Liberty Financial has not divulged the reasons for its rapid Ether purchases, Eric Trump, the project’s consultant, hinted at upcoming developments on social media, saying, “Wait until you see what they do tomorrow.”
Ether’s price has fluctuated between $3,134 and $3,440 during the last 24 hours, eventually settling at roughly $3,230. Simultaneously, interest in Ethereum has increased, with search trends indicating a peak in popularity for the phrase “Ethereum” on January 19.
To add to the excitement, Melania Trump recently established her own memecoin ahead of her husband’s presidential inauguration. While her token swiftly gained traction, it also faced dramatic market corrections, demonstrating the volatile nature of the cryptocurrency industry.
As World Liberty Financial’s aggressive Ether move gains attention, the crypto market reacts, highlighting the growing impact of Trump-backed initiatives on investor sentiment.
