The elected president of the United States, Donald Trump, already takes proactive measures in the cryptography sector to start his administration, starting with Ethereum. The first was the launch of his Mème token to Solana and the approval of the meme meme of Melania Trump on the social media platform. Behind the scenes, World Liberty Financial, a cryptography company affiliated with Donald Trump and certain members From his family, made a major decision. A step towards Ethereum. Chain transaction data reveals that the company DEFI recently converted $ 20 million USDC to 6,041 ETH, buying the tokens at a rate of $ 3,311 each.
From Solana to Ethereum
THE Official launch The Trump token to the Blockchain Solana has taken many members of the crypto community off guard and served as a wink to The growing importance of Solana in the blockchain space. In particular, this decision has highlighted the growing importance of Solana and its growing advantage over Ethereum as a privileged blockchain for the launch of meme parts and intelligent contracts. In particular, the meme tokens based on Solana have gained popularity in the current market cycle, contrasting with the pieces meme based on Ethereum and utility cryptocurrencies, which dominated during the Haussier market of cryptocurrencies of 2021.
In addition, Ethereum was considered the Blockchain of Choice of Donald Trump because of his important allowance in the World Liberty Financial portfolio. Indeed, World Liberty Financial had already bought for millions of dollars from ETH. It is interesting to note that the company DEFI also has a large amount of ChainLink and Aave, which are two other cryptocurrencies based on Ethereum in its portfolio.
However, the recent transaction shows that Donald Trump could still be proactive on ETH. The transaction saw World Liberty using $ 20 million USDC to acquire 6,041 ETH, despite Ethereum’s underperformance In the current market cycle compared to other high capitalization cryptocurrencies. Interestingly, it brings the total purchases of ETH to $ 47 million in Eth in the past 24 hours.
According to data from Arkham Intelligence, The crypto portfolio of World Liberty Iis estimated at 276.4 million dollars, Ethereum representing the largest part. More specifically, World Liberty holds 39,000 ETH worth $ 128 million, which clearly indicates its Confidence in Ethereum’s value proposal.
Beyond the ETH, the portfolio includes significant allowances with stable parts, with $ 78.55 million in USDT and $ 62.32 million in USDC. In addition, World Liberty holds $ 1.97 million in Aave, $ 1.91 million in ChainLink, $ 1.80 million in Wrapped Bitcoin (WBTC) and $ 818,460 in Wrapped Ethereum (Weth), among many other altcoins. Surprisingly, World Liberty has no Solana.
ETH price and market feeling
As mentioned, Ethereum’s performance during this cycle were disappointing Compared to the first expectations At the start of this cycle as the largest Altcoin. In particular, the King of Altcoins has not yet crossed substantially and has not been maintained above the $ 4,000 mark.
However, significant investments like this can greatly contribute to reconstructing a positive feeling around ETH and increasing the purchase interest of individual and institutional investors.
At the time of writing this article, the ETH is negotiated at $ 3,310.
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