January 20, 2025 by Bena Ilyas
- World Liberty Financial, backed by Donald Trump, acquired 14,403 Ethereum worth $48M on January 19, boosting its reserves to 33,630 ETH ($107M).
- The ETH/BTC ratio showed a 0.79% uptick to 0.03197 after weeks of decline, aligning with the timing of the purchases.
- Eric Trump teased further developments, fueling speculation about the platform’s next crypto moves.
In a bold play within the cryptocurrency landscape, the Donald Trump-backed project, World Liberty Financial, has acquired significant amounts of Ethereum (ETH) amid the token’s modest recovery in strength against Bitcoin (BTC).
On January 19, World Liberty Financial finished buying 14,403 Ethereum, which reached $48 million. News first unveiled by Lookonchain on X showed a growing amount in the platform’s Ethereum reserves, which have jumped to 33,630 ETH—over $107 million, according to data from Arkham Intelligence.
Timing-wise, these purchases come when the ETH/BTC ratio has had a small but significant increase of 0.79% to 0.03197 after many weeks of decline. Over the past six weeks, it had fallen 18%, which could mean that World Liberty Financial was positioning for a larger market move. According to data from TradingView, this uptick happens at a time when Ether continues to fight for dominance in a Bitcoin-dominated market.
World Liberty Financial’s latest move comes hot on the heels of Donald Trump’s unexpected meme coin venture on the Solana blockchain. The launch caused a rally in Solana’s native token (SOL), which drove its value to an all-time high of $270. These moves signal that there may be more to Trump’s growing interest in cryptocurrencies than meets the eye, though what exactly that may be remains anybody’s guess.
Ethereum Swings Amid Trump Crypto Moves
Eric Trump, an advisor for World Liberty Financial, fanned speculation of a cryptic message on January 19 via X, saying, “Wait until you see what they do tomorrow.” Though the details are not included, the statement is exciting to the cryptocurrency community.
Despite the major acquisition, Ether’s price has shown volatility. Over the past 24 hours, ETH has traded between $3,133.98 and $3,439.78, ultimately settling down 1.5% at $3,230, according to CoinGecko. Interestingly, interest in Ethereum surged, with Google Trends recording peak search popularity for the term on January 19.
The Trump family’s involvement in cryptocurrency has brought both opportunity and turbulence to the market. Notably, Melania Trump launched her own meme coin, MELANIA, just before her husband’s U.S. presidential inauguration. The token rapidly reached a market cap of $6 billion within two hours. However, the launch caused a sharp market response, with Donald Trump’s earlier token losing $5 billion in value and plunging 38% within 40 minutes.
Deals such as the strategic purchases of World Liberty Financial and the very public interest of the Trump family in cryptocurrency mark a growing convergence of politics and digital finance. Whether that is a deeper play into blockchain innovation or an effort to capitalize on market trends, only time will tell. For now, all eyes rest on what’s to become of World Liberty Financial as it cements its position in the crypto ecosystem.
Related | Pepe Coin (PEPE) Could Be the Next Dogecoin (DOGE), But This Crypto Will be The New Shiba Inu (SHIB)