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.
Related Reading
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.
Wait until you see what they do tomorrow! 🚀🚀 @worldlibertyfi https://t.co/v8eRDFImHo
— Eric Trump (@EricTrump) January 20, 2025
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.
We are all extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe that @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started! 🚀
— Donald Trump Jr. (@DonaldJTrumpJr) January 19, 2025
Related Reading
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
Credit: Source link
