Trump's World Liberty project has purchased $48 million worth of ETH, boosting its treasury to 41,269 ETH. This move comes amid significant institutional backing from Justin Sun, founder of TRON, who has invested over $45 million in WLFI, the project's native token. World Liberty's purchase aligns with Ethereum's recent price recovery, trading at $3,383 after a 5.42% surge. Sun's involvement raises questions about how WLFI might leverage Ethereum for liquidity or staking.
Trump’s World Liberty project demonstrates bullish ETH sentiment with $48M purchase, growing treasury to 41,269 ETH amid significant institutional backing from Justin Sun.acquisition, spending $48 million USDC to purchase 14,403 ETH at an average price of $3,333 in the past 12 hours. Ethereum ’s
This follows his earlier $30 million investment in the token, cementing his commitment to the Trump-backed project. Sun’s involvement raises questions about how WLFI might be leveraging Ethereum for liquidity or staking purposes.is another key factor in this story. The ETH/BTC ratio chart shows a current level of 0.03124, reflecting a slight 1.54% decline in the last session.
Ethereum’s deflationary supply dynamics following the ‘Merge’ 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 an optimistic picture. The recent 5.42% rise has ETH testing the $3,400 resistance level, with the 50-day Moving Average at $3,536 serving as the next key hurdle.
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.
ETHEREUM WORLD LIBERTY JUSTIN SUN TRON INSTITUTIONAL INVESTING
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