Donald Trump’s crypto venture, World Liberty Financial, made headlines after purchasing $48 million worth of Ether (ETH) on January 19. The move comes as Ethereum has shown slight gains against Bitcoin, with the ETH/BTC ratio climbing 0.79% to 0.03197.
World Liberty Financial Expands Ethereum Holdings
According to data shared by Lookonchain, World Liberty Financial bought 14,403 ETH in a series of transactions, bringing its total Ethereum holdings to 33,630 ETH—valued at over $107 million, per Arkham Intelligence.
The purchase follows a six-week period where Ethereum underperformed against Bitcoin, falling 18%. However, the recent uptick in the ETH/BTC ratio has sparked speculation about World Liberty Financial’s strategy.
Trump Memecoin Sparks Broader Crypto Activity
World Liberty Financial’s Ether acquisition comes shortly after the surprise launch of Donald Trump’s memecoin on the Solana blockchain. The memecoin’s debut triggered a surge in Solana’s (SOL) price, pushing it to an all-time high of $270.
Meanwhile, speculation is brewing about what World Liberty Financial may unveil next. Eric Trump, an adviser to the organization, teased on social media: “Wait until you see what they do tomorrow.”
Ether Prices and Interest Surge
In the past 24 hours, Ethereum prices fluctuated between $3,133.98 and $3,439.78 but are currently down 1.5% to $3,230, according to CoinGecko. Despite the dip, Google search trends for “Ethereum” have spiked, indicating heightened public interest.
Adding to the excitement, Melania Trump launched her own memecoin, MELANIA, on January 19, just one day before Donald Trump’s inauguration as the US president. The self-titled token reached a valuation of $6 billion in under two hours, with its website describing it as a way for buyers to show their support.
However, the launch of MELANIA coincided with a $5 billion drop in the market cap of Donald Trump’s token, which plunged 38% in just 40 minutes.
