Trump's cryptocurrency project, World Liberty Financial, recently purchased thousands of ETH as institutional demand for Ethereum explodes.
The cryptocurrency project World Liberty Financial – reportedly connected to former US President Donald Trump – has just spent millions of dollars to purchase additional Ethereum (ETH), amid a strong institutional capital flow into the world's second-largest cryptocurrency.
According to on-chain data from Arkham Intelligence shared by the Lookonchain account, World Liberty purchased a total of 3,473 ETH on Tuesday night, at an average price of around $3,743/ETH, through multiple wallets. After completing the transaction, all the new ETH was staked on the Aave platform.
Currently, World Liberty holds approximately 73,616 ETH, equivalent to nearly $275.9 million at current market prices.
World Liberty's purchase occurs while institutional capital is strongly trending towards Ethereum. Data from SoSoValue shows that Ethereum spot ETFs recorded a net inflow of $533.9 million on Tuesday, while Bitcoin spot ETFs experienced a negative cash flow of $67.9 million.
The Block's price data shows ETH remained stable at $3,729 over the past 24 hours. However, in the past 7 days, ETH has increased by 20%, and surged 67.1% in the past 30 days – clearly reflecting its growing market attraction.
In another development, World Liberty Financial is also preparing for the upcoming WLFI token lockup. The development team stated they are aiming to list and officially trade the WLFI token within the next 6 to 8 weeks.
"We are targeting a complete 'awakening' in 6-8 weeks – this process needs time to establish important strategies, from alliances and major stages to smart unlocking mechanisms," the project shared last week.
