World Liberty Financial (WLFI), the crypto project known for its links to US President Donald Trump, has purchased 3,473 ETH worth more than $13 million amid rising institutional interest in Ethereum.
Trump-Backed World Liberty Financial Buys $13 Million in Ethereum
According to data from onchain analytics platform Arkham Intelligence, purchases were made through various wallets throughout Tuesday evening.
The received ETH was then staked on the decentralized finance (DeFi) protocol Aave. According to data shared by Lookonchain, World Liberty Financial’s total Ethereum holdings currently stand at approximately 73,616 ETH, equivalent to approximately $275.9 million at current market prices.
Institutional Demand Shifts to Ethereum
World Liberty’s acquisition comes amid growing interest in Ethereum from institutional investors. Spot Ethereum ETFs saw net inflows of $533.9 million on Tuesday alone, while spot Bitcoin ETFs saw outflows of $67.9 million. This suggests investors are increasingly focused on ETH in the short term.
Although Ethereum’s price remained stable over the past 24 hours, it has gained 20% on a weekly basis and 67.1% over the past 30 days.
World Liberty has also begun the countdown to the unlock and exchange listing of its WLFI token. The project team announced last week that the token could officially begin trading within the next 6 to 8 weeks.
“Our target for full awakening is 6 to 8 weeks. Strategic alignments (alliances, big stages, smart unlocks) take time, but the potential is great,” the project’s expectations were shared.