World Liberty Financial, a crypto firm with ties to Donald Trump, just made a huge Ethereum purchase. They spent $13 million on 3,473 ETH, adding to their already impressive collection of 73,616 ETH (worth around $275 million!).
A Winning Bet?
This latest buy is part of a bigger trend. Lookonchain data shows World Liberty is sitting on unrealized profits of over $33 million! Their average ETH purchase price is around $3,272, and the current price is much higher. They’ve been steadily buying ETH for months – over 3,000 ETH last week and 1,580 ETH in May. It looks like a smart strategy: buy low, hold, and watch it grow.
Ethereum’s Price Soars
Ethereum’s price has been on fire lately, up 2% in the last 24 hours and a whopping 65% in the last month. This surge is clearly attracting attention.
It’s Not Just World Liberty
World Liberty isn’t the only big player piling into ETH. SharpLink, Bitmine, and even BlackRock (the world’s largest asset manager) are showing increased interest. A new $1.6 billion Ethereum project, Ether Machine, is also getting support from major players like Pantera Capital and Kraken. It seems Ethereum is becoming a top choice for major institutions, not just individual traders.
Old Money Moves
It’s not just new money flowing into ETH. Some long-dormant wallets have recently become active, moving large amounts of Ethereum. This activity adds to the excitement. With so many big players involved, even those who’ve been holding ETH for a long time might be feeling the urge to make a move.
The Bigger Picture
Ethereum’s success isn’t just about price. It’s about institutions, funds, and even political groups accumulating it, making it something much bigger than just another cryptocurrency.