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Donald Trump’s project, World Liberty Finance (WLF), has caught attention with its strategic move in the crypto market. According to Arkham Intelligence, the organization purchased Ethereum (ETH) worth $9.88 million on January 14, taking advantage of a potential dip in the market. This move has sparked curiosity as ETH price is seeing a price surge of almost 6% in the last 24 hours.
WLF Bought Ethereum Again
As per reports from Arkham Intelligence, World Liberty Finance has completed multiple transaction on January 14, acquiring $9.88 million worth of ETH by exchanging WBTC. This purchase adds to their growing crypto portfolio, which now totals $46.4 million in Ethereum acquisitions.
However, due to recent Ethereum price drop, the value of their ETH portfolio has decreased by 7%, now standing at approximately $43.3 million.
The timing of this purchase has led to speculation in the crypto community. Many see this as an effort to capitalize on Ethereum’s lower price, aiming for a long-term gain when the market rebounds.
Large-scale investments like this often indicate confidence in an asset’s future growth, even during periods of market uncertainty.
ETH ETF Recorded a Inflow
According to Farside Ethereum ETFs recorded a second consecutive day of daily inflow of $39.3 million on January 15, showcasing continued interest from institutional investors.
Leading the charge was Fidelity’s Ethereum ETF (FETH), which brought in a notable $29.3 million, followed by Grayscale’s Ethereum ETF with $8.1 million.
Ethereum Price Analysis
After finding support near the $3,200 psychological level, Ethereum surged by nearly 6% in a single day, reaching approximately $3,381. This sharp rise pushed its market cap to an impressive $406 billion.
Meanwhile, the Relative Strength Index (RSI) stood at 68, suggesting that while Ethereum is nearing overbought levels, there’s still potential for further growth without immediate correction risks.
Supporting this bullish outlook, on-chain data revealed a surge in network activity. Approximately 650,000 addresses interacting on the network, marking a 10% increase from the previous week.