The American elected president Donald Trump already takes proactive measures in the cryptographic industry to start his administration, starting with Ethereum. The first was the launch of his token even on Solana and the approval of the meme jet of Melania Trump on the social media platform X. Behind the scenes, World Liberty Financial, a crypto company affiliated with Donald Trump and some Family members, took a major pass in Ethereum. Chain transaction data reveals that the company DEFI recently converted a value of $ 20 million from USDC to 6,041 ETH, buying tokens at a rate of $ 3,311 each.
From Solana to Ethereum
THE Official launch Trump same token on the Solana blockchain has caught a lot in the cryptographic community off guard and he served as a wink to The growing prominence of Solana in the blockchain space. In particular, this decision highlighted the rise of Solana and its growing advantage over Ethereum as a favorite blockchain for the launch of coins and smart contracts. In particular, the token-based tokens in Solana have gained a significant traction in the current market cycle, contrasting with the pieces even based on Ethereum and the utilitarian cryptocurrencies, which dominated the bull market of 2021 cryptography.
In addition, Ethereum was considered as Donald Trump’s blockchain of choice because of his important allowance in the World Liberty Financial portfolio. Indeed, World Liberty Financial had already bought millions of dollars from Eth. Interestingly, the company DEFI also has a substantial quantity of chain and aave link in its wallet, which are two other cryptocurrencies based on Ethereum.
However, the recent transaction shows that Donald Trump could still be proactive on ETH. The transaction saw World Liberty using $ 20 million USDC to acquire 6,041 ETH, despite Ethereum’s underperformance In the current market cycle compared to other large cryptocurrencies with market capitalization. Interestingly, this brings the total purchase of ETH to $ 47 million in ETH in the last 24 hours.
According to data from Arkham Intelligence, Crypto Portfolio of the Freedom of the World IS valued at 276.4 million dollars, Ethereum constituting the largest part. More specifically, World Liberty holds 39,000 ETH worth $ 128 million, which is a clear indication of its Faith in the value proposition of Ethereum.
Beyond the ETH, the portfolio includes important allowances to stablecoins, with $ 78.55 million in USDT and $ 62.32 million in USDC. In addition, World Liberty holds $ 1.97 million in Aave, $ 1.91 million in chain, $ 1.80 million in wrapped bitcoin (WBTC) and $ 818,460 in Ethereum wrapped (WETH), between many other altcoins. Surprisingly, World Liberty does not hold any Solana.
The price and feeling of the ethn market
As mentioned, Ethereum’s performance this cycle were disappointing Compared to early expectations At the start of this cycle as the largest Altcoin. In particular, the King of Altcoins has not yet broken and maintaining the price bar of $ 4,000.
Nevertheless, significant investments like this can greatly contribute to rebuilding a positive feeling surrounding the ETH and increasing the purchasing interests of retail and institutional investors.
At the time of writing the editorial staff, ETH is negotiated at $ 3,310.
Medium star image, tradingView.com chart
