- World Liberty Financial bought significant amounts of Ethereum tokens over the past few days.
- Ethereum has not shown notable price surges despite the whale activity.
Despite the weekend, immense amounts of activity are observed in the crypto sector. Particularly, Senator Cynthia Lummis, while talking to the press stated that she would be working this weekend to help Donald Trump set up the Strategic Reserve. This elicited quite the positive enthusiasm from community members.
Meanwhile, Donald Trump’s DeFi project, World Liberty Financial, has taken the spotlight over the past few days. It has shown a consistent accumulation of Ethereum and other tokens in large quantities this week. Notably, since November, the World Liberty Fi bought a total of 49,879 ETH worth $170 million as per LookOnchain reports.
🚨 Whale Alert: @worldlibertyfi just swapped 20M $USDC for 95 $WBTC and 3K $ETH!
— TheNewsCrypto (@The_NewsCrypto) January 25, 2025
🐋 Now holding a massive portfolio with 54.52K $ETH ($179M) and 646.7 $WBTC ($67.6M), making up 65% of their total holdings!
🔥 Could this signal a shift in strategy? 💥 #CryptoWhale #ETH… pic.twitter.com/aNnDRyHBob
In the past week alone, it showed rapid accumulation and staking of ETH. According to recent Arkham Intelligence data, the project currently holds 54.745K Ethereum tokens which is currently worth $179.85 million.
The DeFi project was also seen exchanging USDC for other altcoins in the past day. Some of the altcoins included Wrapped BTC (WBTC), Tron, Aave, and Chainlink. This increased whale activity of World Liberty Financial has led to huge speculations among community members.
Has World Liberty Financial’s Whale Activity Affected Ethereum Price?
When looking at Ethereum’s price action over the past week, Ethereum hasn’t shown significant surges. A huge whale activity such as the above discussed usually propels prices to notable highs.
However, ETH’s weekly chart shows a 0.88% increase resulting from increased fluctuations and volatility. Additionally, its performance in the last 24 hours, is a 3.27% drop thus confirming the altcoin’s not fuelling in World Liberty Financial’s activity. At the time of writing, ETH was trading at $3,280 as per CMC data.
Despite that, Donald Trump’s DeFi project is still receiving considerable attention and members. This could particularly result from the lack of any official comments from Trump or others involved in the project.
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