World Liberty Financial ETH Holdings Exceed 70K With Recent Acquisition

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Donald Trump’s family-backed crypto investment firm, World Liberty Financial (WLFI), has sustained its Ethereum investment trend with a recent purchase worth $10 million. As usual, the renowned on-chain crypto transactions tracker spotted the latest procurement, which it reported via one of its tweets that has attracted considerable attention.

According to the X post, the investment firm’s $10 million capital amassed 2,972 ETH to increase the company’s Ethereum holdings to about 70,157 tokens, worth about $235 million. Spotonchain noted that the increment resulted in Ethereum gaining about 3% in the past 24 hours. The on-chain tracker added that the subtle jump could elicit a bigger rally for the world’s most valuable altcoin.

WLFI Previous Purchases and Current Coin Holdings Valuation

Before the most recent purchase, WLFI invested $1.88 million worth of USDC Coin (USDC) to procure 2.398 million MOVE tokens. The coins cost the investment firm approximately $0.784 per token. Within the same period, WLFI invested another $10 million in Ethereum. Overall, the company has spent over $200 million, procuring several cryptocurrencies over the past few days.

Notably, Arkham Intelligence’s data revealed that World Liberty Financial’s total crypto holdings valuation reached $429.3 million. As expected, Ethereum remains the most valuable asset in the wallet, contributing over 50% of its total valuation. It is worth noting that WLFI boasts over 140 cryptocurrencies in its portfolio, which invariably implies that the firm has placed massive faith in Ethereum rewards potential.

Ethereum Reaction Following Latest Procurements

At the time of writing, Ethereum is changing hands at approximately $3,390, reflecting a 3.9% upswing in the past 24 hours. Within the same timeframe, ETH has fluctuated between $3,215.82 and $3,428.39, underscoring a huge tendency for a potential breakout above 3,500. Following the recent jump, Ethereum’s market capitalization surged to about $409.84 billion.

Unlike the slightly increased Ethereum selling price, the token’s 24-hour trading volume has dropped by about 6.92% and has a $24.69 billion valuation. Market participants will monitor Ethereum’s price actions closely, especially as bullish momentum continues to build. Attention will be on breaking above $3,500, which would be crucial in catalyzing ETH’s further price surge.

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence before making any trading or investment decisions.