Donald Trump’s Crypto Firm Invested $3M in EOS

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EOS witnessed a sharp price rally of over 9% on May 16, after World Liberty Financial (WLFI), a firm linked to U.S. President Donald Trump, invested nearly $3 million in the token. The move brought renewed attention to EOS amid broader market consolidation, raising questions about the sustainability of the surge. At the same time, Trump-backed World Liberty Financial (WLFI) is brushing off U.S. lawmakers’ scrutiny, bringing attention to politically connected crypto projects.

$3M Purchase Sparks Momentum

On-chain data shows WLFI purchased approximately 3.636 million EOS tokens using 2.996 million USDT, at an average price of $0.824. The token was trading around $0.77 before the investment and reached a high of $0.86, later correcting slightly to $0.85. This price move marked a 24-hour gain of 9.39% and helped EOS break past key resistance levels between $0.80 and $0.84.

The timing of the investment allowed EOS to outperform while the overall crypto market was hovering near $3.27 trillion in market cap, following a mild correction from recent highs.

Technically, New EOS Opportunity?

Bitcoinsensus highlights a bullish setup for EOS as the firm acquired 3.64 million EOS at an average price of $0.824, triggering renewed attention to the token’s technicals. On the weekly chart, EOS has been forming a falling broadening wedge since June 2022, typically a bullish pattern that suggests accumulation. 

According to the analyst, the price repeatedly dipped lower to gather more buyers due to weak momentum on each bounce. Now, with sentiment turning, the next key upside targets are $1.30 and $1.95.

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Rebrand to Vaulta and Token Swap

The rally also coincides with EOS’s ongoing rebrand into Vaulta, a Web3 banking network. The EOS token is set to be swapped at a 1:1 ratio into a new token called $A by the end of May. The swap began on May 14 and is supported by Crypto.com, which has been developing a partnership with Trump Media & Technology Group (DJT). The rebranding and ecosystem expansion appear to be part of a larger strategy to reposition EOS as a player in decentralized finance infrastructure.

Caution With Bull Sentiment

Despite the positive momentum, investors are advised to stay cautious. EOS failed to retest its May 10 high of $0.98, and much of the recent surge appears to be driven by the WLFI buy. If the market doesn’t resume an uptrend, the gains could reverse quickly.

Still, if EOS can hold above the $0.84 mark and establish it as a support zone, the likelihood of a continued move toward $1 increases. The coming days will be crucial as investors watch whether hype translates into lasting strength.