World Liberty Financial, Backed by Donald Trump, Buys Millions in Ether Amid Strengthening ETH/BTC Ratio
The crypto project World Liberty Financial, supported by Donald Trump, has made a bold move by acquiring millions of dollars worth of Ether. This comes as Ether shows a slight increase in strength against Bitcoin in recent days.
On January 19, World Liberty Financial executed several transactions, amassing a total of 14,403 Ether (ETH), worth approximately $48 million, according to data shared by Lookonchain on platform X.
Following this acquisition, the project’s total Ether holdings have climbed to an impressive 33,630 ETH, valued at over $107 million, as reported by Arkham Intelligence.
Market analysis from TradingView reveals that the ETH/BTC ratio, a measure of Ether’s performance relative to Bitcoin, experienced a slight increase, rising by 0.79% to 0.03197. This follows a challenging six-week period where the ratio had dropped by 18%.
The purchase coincides with heightened activity around Trump-related crypto initiatives. Recently, Trump’s unexpected memecoin launch on the Solana blockchain triggered a rally in the native Solana token (SOL), propelling its price to a record high of $270.
As for the motive behind these Ether acquisitions, World Liberty Financial has not disclosed any specific details. However, Eric Trump, one of the project’s advisers, hinted at upcoming developments in a January 19 post on X, stating: “Wait until you see what they do tomorrow.”
In the 24-hour period leading up to the news, the price of Ether fluctuated between $3,133.98 and $3,439.78, ultimately dipping 1.5% to $3,230, as tracked by CoinGecko.
The excitement around Ether has also led to a surge in search interest. Data from Google Trends shows that searches for “Ethereum” reached peak popularity on January 19.
This isn’t the first time Trump-related projects have drawn attention. Melania Trump, the former First Lady, launched a memecoin just one day before her husband’s U.S. presidential inauguration.
Her token, named MELANIA, quickly soared in value, hitting $6 billion within two hours of its debut. The official website for the memecoin suggests it was created to allow supporters to showcase their allegiance.
However, Donald Trump’s token faced turbulence as $5 billion was wiped off its market cap within hours of Melania’s memecoin release, causing its price to plummet by 38% in just 40 minutes, per CoinMarketCap data.
