bitcoin
Bitcoin (BITCOIN)
$117,760 -0.96%
ethereum
Ethereum (ETHEREUM)
$3,590 -3.77%
binancecoin
BNB (BINANCECOIN)
$770.87 0.18%
solana
Solana (SOLANA)
$190.25 -6.41%
ripple
XRP (RIPPLE)
$3.25 -7.83%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 -7.86%
pepe
Pepe (PEPE)
$0.000013 -5.97%
bonk
Bonk (BONK)
$0.000033 -7.82%
bitcoin
Bitcoin (BITCOIN)
$117,760 -0.96%
ethereum
Ethereum (ETHEREUM)
$3,590 -3.77%
binancecoin
BNB (BINANCECOIN)
$770.87 0.18%
solana
Solana (SOLANA)
$190.25 -6.41%
ripple
XRP (RIPPLE)
$3.25 -7.83%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 -7.86%
pepe
Pepe (PEPE)
$0.000013 -5.97%
bonk
Bonk (BONK)
$0.000033 -7.82%
bitcoin
Bitcoin (BITCOIN)
$117,760 -0.96%
ethereum
Ethereum (ETHEREUM)
$3,590 -3.77%
binancecoin
BNB (BINANCECOIN)
$770.87 0.18%
solana
Solana (SOLANA)
$190.25 -6.41%
ripple
XRP (RIPPLE)
$3.25 -7.83%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000014 -7.86%
pepe
Pepe (PEPE)
$0.000013 -5.97%
bonk
Bonk (BONK)
$0.000033 -7.82%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
World Liberty Financial Buys 3,473 ETH for $13M Amid Growing Market Activity

Highlights:

  • World Liberty Financial bought 3,473 ETH for $13M and staked it on Aave.
  • Total ETH holdings now 73,616 worth $275M, with $33M in unrealized profits.
  • Institutions like BlackRock and SharpLink are adding ETH as interest keeps rising.

World Liberty Financial, a crypto project linked to Donald Trump, bought more Ethereum on Tuesday. Onchain data from Arkham, shared by Lookonchain, shows the project has spent $13 million USDC stablecoin to purchase 3,473 ETH, at $3,743 per token.. The team later staked this Ethereum on Aave using several wallets.

Advertisement

Banner

World Liberty’s ETH Holdings Surge to 73,616

After this new buy, World Liberty Financial now owns 73,616 ETH, worth about $275 million. The group collected these tokens at an average price of $3,272. Based on current prices, this gives them an unrealized profit of over $33 million.

Last week, World Liberty Financial made another major Ethereum purchase, spending $10 million during a strong upward move in the altcoin’s price. Reports suggest the platform secured 3,007 ETH at an average rate of $3,325 each. Back WLF had also acquired 1,587 ETH valued at around $3.5 million. Huge Ethereum purchases by firms like World Liberty Financial can strongly affect the market. At the time of writing, ETH was traeding at $3,686, relfefcting 2% increawse in the past 24 hours. The coin is now showing strong upward momentum, with major gains of 28% in the past week and 62% over the last month.

World Liberty Financial’s recent action follows a surge in institutional interest in Ethereum. On Tuesday alone, spot Ethereum ETFs brought in $533.9 million in net inflows, while spot Bitcoin ETFs, in contrast, saw a net outflow of $67.9 million, as reported by SoSoValue. Other big players like SharpLink and Bitmine have also boosted their Ethereum holdings. Meanwhile, investment giant BlackRock is now showing more interest in Ethereum as it expands its focus beyond Bitcoin.

Ethereum Buying Frenzy Signals Major Bull Run, Say Bitwise and Arthur Hayes

Bitwise investment officer Matt Hougan said the ETH price’s recent jump is due to strong demand from ETPs and company treasuries. He shared this on X, calling the demand “overwhelming” from both sides. Hougan also said Bitcoin rose in the same way, as buyers took more than 100% of new supply for the last 18 months.

Bitwise also estimated that since May 15, ETPs and corporate treasuries have purchased 2.83 million ETH, worth over $10 billion at current prices. This amount is 32 times greater than the total new ETH issued during the same timeframe. Hougan believes this buying trend will continue, as many investors still hold less Ethereum than Bitcoin. He added that upcoming stablecoin rules and the fast growth of real-world asset tokenization will push Ethereum demand even higher. “Meanwhile, all signs suggest the ‘ETH treasury company’ trend will accelerate. Looking out, I can imagine ETPs and treasury companies buying $20 billion of ETH in the next year, or 5.33 million ETH at today’s prices,” he added.

He also said the network may produce only 800,000 ETH in this period. That means demand is about seven times higher than supply. BitMEX founder Arthur Hayes also seemed to agree in a blog post shared on Tuesday. He suggested that the next Ethereum rally could be intense and hinted that ETH might reach $10,000 before the year ends.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner