Trump Son Drops Hints About Major World Liberty Plans After Massive Ether Buy

Source Newsbtc

With an appealing teaser about an impending “big move” from World Liberty Financial, Donald Trump Jr. has aroused intrigue among the cryptocurrency community. Alongside this announcement, the company revealed that it had purchased $48 million worth of Ethereum, which fueled rumors about its strategic ambitions in the cryptocurrency space.

The Power Of A Cryptic Tweet

Trump Jr.’s short yet impactful tweet allowed for plenty of speculation. If he does mean a revolutionary endeavor, then given the huge purchase of Ethereum done by the company, it means World Liberty Financial is ready to take off for a large blockchain project. Not a bad timing, indeed. Ethereum still leads the chart on the list of most-used cryptocurrencies, all due to its stable ecosystem.

The latest hint followed a disclosure by Lookonchain, an on-chain monitoring company, confirming that the WLFI project, which was inspired by Donald Trump, had bought millions of dollars’ worth of Ether just one day prior to the president-elect’s inauguration.

At an average price of $3,311 per Ethereum, WLFI purchased 6,041 ETH tokens using $20 million in USDC, according to Lookonchain. The purchase was made over the course of several transactions over a 30-minute period, as confirmed by on-chain data.

Eric Trump responded to Lookonchain’s revelation by implying that the World Liberty Financial offering still had some hidden agenda. “Wait until you see what they do tomorrow,” the businessman and third child of the President-elect said on X, waving rocket emojis. Remember that Eric co-founded the project among other things.

Appetite For Ethereum From Institutional Investors

As a key player in the cryptocurrency world, Ethereum is known for its DeFi features and smart contract support. By making such a big investment in Ethereum, World Liberty Financial may be sending a message that they want to use blockchain technology in their business. This could lead to new financial offerings. This move also fits with the general trend of big businesses using digital currency.

Trump Tweet: Ripple Effects In Crypto Market

The company is already making some big noise, as analysts expect ripples in the markets, but when World Liberty Financial becomes a success, many more institutions could come out in their efforts, where the Ethereum value becomes an amplifier of the institution in the overall global economy, however, with less information released, many still are looking at what this can do.

Meanwhile, Donald Trump Jr., the President-elect’s eldest child, drew attention to their achievements in the crypto scene.

Trump Jr. called OFFICIAL TRUMP (TRUMP) the “hottest digital meme on earth” and highlighted its potential. He also predicted WLFI could transform finance by reshaping DeFi and CeFi, emphasizing, “We are just getting started.”

Featured image from Pexels, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Forms A Bullish Continuation Pattern, An Upsurge To New Heights Ahead?Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum […]
Author  Bitcoinist
10 hours ago
Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum […]
placeholder
Gold clings on to $2,700 ahead of Trump’s inaugurationGold’s price (XAU/USD) trades flat and holds around $2,700 on Monday after an earlier decline during the Asian session as traders are concerned over President-elect Donald Trump being sworn in as the 47th United States (US) President later in the day.
Author  FXStreet
10 hours ago
Gold’s price (XAU/USD) trades flat and holds around $2,700 on Monday after an earlier decline during the Asian session as traders are concerned over President-elect Donald Trump being sworn in as the 47th United States (US) President later in the day.
placeholder
Trump’s Inauguration: What’s Next for Bitcoin Policies?TradingKey - Donald Trump’s inauguration takes place today, January 20, and as a vocal Bitcoin supporter, Bitcoin near the $110,000 mark on Monday.One of Trump’s boldest proposals is the Bitcoin Reser
Author  TradingKey
10 hours ago
TradingKey - Donald Trump’s inauguration takes place today, January 20, and as a vocal Bitcoin supporter, Bitcoin near the $110,000 mark on Monday.One of Trump’s boldest proposals is the Bitcoin Reser
placeholder
EUR/USD: Further range trading is likely – UOB GroupEuro (EUR) is under mild downward pressure; it could dip below 1.0255 but is unlikely to reach the major support at 1.0220.
Author  FXStreet
10 hours ago
Euro (EUR) is under mild downward pressure; it could dip below 1.0255 but is unlikely to reach the major support at 1.0220.
placeholder
Bitcoin Bucks Market Trend, Reaches New All-Time HighThe leading coin, Bitcoin (BTC), has touched a new all-time high of $109,350 during Monday’s early trading session. This surge comes amid the broader market decline that has persisted over the past 24
Author  Beincrypto
12 hours ago
The leading coin, Bitcoin (BTC), has touched a new all-time high of $109,350 during Monday’s early trading session. This surge comes amid the broader market decline that has persisted over the past 24
goTop
quote