World Liberty Financial, a crypto project supported by Donald Trump, has purchased millions of dollars worth of Ether, taking advantage of a slight increase in Ether’s strength against Bitcoin.
On January 19, World Liberty Financial acquired 14,403 ETH (worth approximately $48 million) across multiple transactions, according to Lookonchain. This brings their total ETH holdings to 33,630 ETH, valued at over $107 million, based on data from Arkham Intelligence.
The ETH/BTC ratio, indicating Ether’s relative performance against Bitcoin, has also risen slightly by 0.79%, reaching 0.03197 after a drop of 18% over the last six weeks, according to TradingView.
This follows Trump’s unexpected memecoin launch on Solana, which triggered a surge in the price of the Solana (SOL) token, reaching a record high of $270.
World Liberty has not disclosed the reason behind its Ether acquisitions. Eric Trump, Trump’s son and an adviser to World Liberty, teased in a January 19 post on X that something big is coming.
Ether’s price has ranged from $3,133.98 to $3,439.78 in the past 24 hours but has recently fallen 1.5%, sitting at $3,230, according to CoinGecko. Google search interest in “Ethereum” also surged, with the term reaching peak popularity on January 19.
Melania Trump, the incoming First Lady, launched a memecoin one day before her husband’s presidential inauguration.
