World Liberty Financial, a cryptocurrency project supported by Donald Trump, has made significant investments in Ether, recently acquiring over 14,400 tokens for approximately $48 million. This move follows a slight increase in Ether’s strength relative to Bitcoin , a trend that has attracted investor attention.
With these recent purchases, World Liberty Financial’s total holdings of Ether have escalated to 33,630 tokens, valued at more than $107 million according to data from Arkham Intelligence. Additionally, the ETH/BTC ratio, which measures the performance of Ether against Bitcoin , has shown a minor uptick of 0.79%, adjusting to 0.03197 after a substantial decline of 18% in the preceding six weeks.
This development coincides with a notable event in the cryptocurrency market: the launch of a new memecoin associated with Trump, which has created a buzz around the Solana network and helped elevate Solana ’s native token, SOL, to an all-time high of $270. While the exact reason behind World Liberty’s recent Ether acquisitions remains undisclosed, speculation is rife following an ambiguous post from Eric Trump, suggesting that exciting plans are underway.
In the last day, the price of Ether has seen fluctuations, moving within a range between $3,133.98 and $3,439.78, but currently stands at $3,230, reflecting a decrease of 1.5%, according to CoinMarketCap data. Additionally, there has been a marked increase in online interest in Ethereum , with search queries peaking on January 19.
Adding to the intrigue, Melania Trump launched her own memecoin the day before her husband’s presidential inauguration, which rapidly gained traction after its release. This resulted in a sharp decline in value for Donald Trump’s token amidst the two offerings entering the market almost simultaneously, leading to significant shifts in the memecoin landscape.
