World Liberty Financial (WLFI), a crypto project known for linking with US President Donald Trump, has purchased over $13 million in 3,473 ETH amid growing institutional interest in Ethereum.
Trump-backed World Liberty Financial buys $13 million Ethereum
Purchases were made through various wallets Tuesday evening, according to data from the Onchain Analytics platform Arkham Intelligence.
The received ETH was then betted in the Decentralized Financial (DEFI) Protocol Aave. According to data shared by LookonChain, World Liberty Financial’s total Ethereum holdings currently amount to around 73,616 ETH, which is equivalent to approximately $275.9 million at current market prices.
Institutional demand shifts to Ethereum
The acquisition of World Liberty comes with growing interest in Ethereum from institutional investors. The Spot Ethereum ETF saw a net inflow of $533.9 million on Tuesday alone, while the Spot Bitcoin ETF saw a $67.9 million spill. This suggests that investors are increasingly focusing on ETH in the short term.
Ethereum prices remained stable over the past 24 hours, but increased by 20% per week and 67.1% over the past 30 days.
World Liberty has also started counting down WLFI token unlock and exchange lists. The project team last week announced that tokens could officially begin trading within the next six to eight weeks.
“The goal of a full awakening is 6-8 weeks. Strategic alignment (alliance, big stages, smart unlocking) takes time, but the possibilities are huge,” shared the project’s expectations.
*This is not investment advice.
