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- Trump-linked crypto firm secures $13M in Ethereum ahead launch
- World Liberty builds ETH reserves as WLFI token debut nears
- Institutional Ethereum demand surges while Bitcoin ETFs see outflows
World Liberty Financial, a crypto project connected to U.S. President Donald Trump, has made a high-profile Ethereum acquisition. The move comes as the project prepares for the upcoming launch of its native token, WLFI.
Lookonchain on-chain data revealed that the project bought 3,473 ETH on Tuesday evening. The mean buying price was $3,743 per ETH, and the total amount spent was above 13 million dollars on various wallets. Moments after the sale, the purchased Ethereum was staked on a decentralized finance platform, Aave.
The staking shows a more long-term approach since the team’s goal is to earn on its holdings. World Liberty’s Ethereum balance is currently estimated at 73 616 ETH, which is approximately 275.9 million at current market conditions.
In the last few days, institutional interest in Ethereum has increased. On the same day, spot Ethereum exchange-traded funds experienced a total inflow of $533.9 million. In contrast, spot Bitcoin ETFs recorded a net outflow of $67.9 million, based on SoSoValue data.
The Block Market Tracker showed that Ether had traded at the same price of $3,729 in the previous 24 hours. Nonetheless, the cryptocurrency has increased tremendously in the last month, by 67.1 percent in 30 days.
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Strategic Ethereum Play Precedes WLFI Token Trading Debut
Giant Ethereum purchase. The large purchase is part of the project that is highly anticipated to launch its WLFI token. Last week, World Liberty ascertained that WLFI will trade in a couple of months.
The team mentioned that it is building the structures in terms of strategic alignments to facilitate successful roll-out of its token. This will encompass making coalitions and finishing smart unlock mechanisms to steer the launch. The team has referred to the next phase of launch as one of the critical stages.
It portrays the WLFI token unlock as a significant milestone of the project. The anticipation is pleasing, as players in the market want to know more about the official launch of trading. The move seems strategic since the Ethereum market is heating up.
Index information indicated that the GMETHEX index, which monitors the best Ethereum tokens but excludes meme tokens, was down by 3.41 percent to 126.61. Base network tokens tracked by GMBASE index fell by 6.09 percent to 38.66, indicating mixed directions in connected assets.
The new buying history of Ethereum by World Liberty Financial indicates the latter’s breakthrough approach to launching the WLFI token. The Ethereum-based project with Trump connections is obviously planning to have a wider influence as institutional capital floods into it.
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