Key Points
- World Liberty project’s Ethereum holdings reached $140M, indicating a shift in institutional preference.
- Justin Sun’s investment in WLFI has reached 3B tokens after a total investment of $45M.
The World Liberty project, backed by Trump, has made a significant acquisition of Ethereum, spending $48 million USDC to buy 14,403 ETH at an average price of $3,333 in the past 12 hours.
As per Arkham Intelligence, this latest purchase has increased World Liberty’s total Ethereum holdings to 41,269 ETH, valued at over $140 million.
Ethereum’s Performance and World Liberty’s Strategy
With Ethereum recently outperforming Bitcoin, this accumulation might suggest a change in market sentiment.
World Liberty’s substantial ETH purchases highlight the project’s bullish view on the potential of Ethereum.
Ethereum’s price chart reveals a strong recovery, with ETH trading at $3,383 in the last session, a 5.42% increase.
World Liberty’s purchase price aligns with this price level, indicating confidence in Ethereum’s upward trajectory.
Justin Sun, founder of TRON, has been heavily involved with World Liberty and recently spent $15 million USDT to acquire 1 billion WLFI tokens.
This brings his total holdings to over three billion WLFI, following his earlier $30 million investment in the token.
Ethereum’s Momentum Against Bitcoin
Ethereum’s strength relative to Bitcoin is another significant aspect of this development.
The ETH/BTC ratio chart shows a current level of 0.03124, reflecting a slight 1.54% decline in the last session.
Despite this, Ethereum has shown resilience in maintaining its relative strength over the past months.
World Liberty’s Ethereum accumulation might be part of a larger strategy to take advantage of ETH’s recent superior performance in network activity and adoption.
Ethereum’s deflationary supply dynamics and its dominance in DeFi and NFTs present a compelling alternative to Bitcoin, which has faced slower development in recent years.
Ethereum’s price chart paints a positive picture, with the recent 5.42% rise testing the $3,400 resistance level.
The Chaikin Oscillator (CC) shows positive accumulation signals, suggesting increasing buying interest.
However, the RSI at 50.30 indicates a neutral stance, suggesting that Ethereum has room for further upward movement without entering overbought territory.
Investors will be closely watching whether Ethereum can maintain its bullish trajectory amid macroeconomic uncertainties and potential profit-taking at higher levels.
The Future of World Liberty and Ethereum
World Liberty’s $140 million ETH holdings indicate a strategic shift in its portfolio allocation, potentially positioning Ethereum as a core asset.
This could influence other institutional players to follow suit, further strengthening Ethereum’s market position.
Moreover, Justin Sun’s continued investments in WLFI suggest a deeper synergy between the Trump-backed project and Ethereum, possibly involving DeFi protocols or staking mechanisms.
World Liberty’s aggressive Ethereum accumulation and Justin Sun’s investments in WLFI reflect growing confidence in Ethereum’s potential to outperform Bitcoin in the long term.
As Ethereum approaches key resistance levels, its performance will be crucial in validating World Liberty’s strategy in the coming weeks.
Currently, the actions of the Trump-backed project underscore the increasing institutional interest in Ethereum and its evolving role in the cryptocurrency market.
