Key Takeaways
- World Liberty Financial, backed by Donald Trump, has significantly increased its Ethereum holdings, buying a further 560 ETH.
- Eric Trump’s February call to buy ETH, initially mocked, has now gained traction after Ethereum’s dramatic bounce back.
- Ethereum has rebounded more than 170% since April.
World Liberty Financial (WLFI), a crypto project backed by President Donald Trump, has purchased another 560.71 Ethereum, just one day after purchasing a further 6,145 ETH.
The aggressive buy-up comes just days after Eric Trump returned to X to gloat that his earlier call to buy ETH, initially mocked after a dramatic dip, had been vindicated as the asset now surges in value.
WLFI Doubles Down on Ethereum
According to on-chain data analyst Onchain Lens on X, WLFI bought 560.71 ETH for approximately $2M $USDC on Thursday, July 24.
The move comes a day after a wallet linked to WLFI spent approximately $23 million to acquire 6,145 ETH at an average price of $3,743, according to blockchain analytics platform Arkham.
Over the past six days, the project has accumulated around 10,013 ETH in total.
WLFI’s project is focused on decentralized finance, aligning closely with Ethereum’s capabilities.
Much like a growing number of institutions, WLFI is avoiding Bitcoin in favor of Ethereum’s practical role in tokenizing real-world assets (RWAs) and DeFi applications.
Eric Trump Gloats Past Ethereum Call
On Monday, Donald Trump’s son Eric Trump gloated on X after his February prediction of buying Ethereum finally came true.
The original post on Feb. 4 stated: “In my opinion, it’s a great time to add $ETH.”
The community originally mocked this after Ethereum’s price decreased in April, including from Ted Pillows, a partner at crypto exchange OKX.
“$ETH is down 40% since Eric Trump posted his Ethereum tweet,” Pillows wrote.
Eric Trump responded to the three-month-old post, stating: “How am I doing now @TedPillows?”
Responding to another X user, Eric Trump wrote: “Up 35% in 5 months, Pal.
“Embrace volatility. If you were smart you would have also bought the dips (as I said to do).”
Ethereum’s Price Momentum
Ethereum has seen a sharp recovery, bouncing over 170% from its April 7 low.
In a recent analysis published on CCN, crypto analyst Valdrin Tahiri described the rebound as “extraordinary.”
He noted that Ethereum’s wave count indicates a possible new all-time high is imminent.
“After being left for dead in April, the current price of Ethereum has spiked and is nearing an all-time high,” he wrote.
Tahiri suggested that once Ethereum clears the $4,000 resistance level, it could climb to a new peak in the range of $5,770 to $7,326.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
