Joseph Lubin, CEO of ConsenSys, recently suggested that US President Donald Trump’s family could “build one or more giant companies” on Ethereum (ETH). Responding to an X thread about Trump’s recent ETH purchases, Lubin said the Trump administration was exploring ways the United States could support Ethereum.
Will the Trump family start businesses on Ethereum?
After relatively subdued price performance and limited public attention in 2024, ETH could see a resurgence in 2025. In an article on by Trump, World Liberty Financial, had significantly increased its ETH holdings.
Data from Etherscan reveals that World Liberty Financial’s wallet currently contains 55,719 ETH, valued at over $183 million at the time of writing. Lubin’s recent comments suggest deeper involvement by the Trump family in the cryptocurrency industry. He said:
The Trump administration will do what is right for the United States and that will involve ETH, considerations on how the United States can support Ethereum – the most successful and largest decentralized protocol ecosystem to benefit of the United States, and perhaps eventually use Ethereum technology in government activities. just as they currently use the Internet and web protocols.
Lubin further noted that in addition to Ethereum, the Trump family may engage in other blockchain ecosystems, such as Bitcoin and Solana. The recent launch of Trump’s official meme token on Solana appears to validate this statement.
Besides ETH, the World Liberty Financial wallet holds other tokens such as Aave (AAVE) and Chainlink (LINK). The DeFi project is expected to become operational soon.
Analysts Eye ETH Rally Soon
As Ethereum continues to trade in the low $3,000 range, crypto analysts are becoming more and more confident in an imminent rally for the second largest digital asset by market capitalization.
Michael van de Poppe, seasoned crypto trader highlighted World Liberty Financial’s growing exposure to ETH as a bullish signal for the cryptocurrency. Poppe added that 2025 could mark a turning point for Ethereum’s performance.
From a technical perspective, crypto analyst Jelle shared a weekly ETH chart depicting a bullish inverse head and shoulders pattern forming, as well as a massive ascending triangle that Ethereum could soon break out of.
Likewise, crypto analyst TraderSZ shared the following ETH daily chart, showing a bullish descending triangle pattern. The analyst remains long-term bullish on ETH, projecting targets as high as $10,000.
However, Ethereum’s prolonged underperformance has started to ease. bump the confidence of certain whales. At press time, ETH is trading at $3,278, down 1% in the last 24 hours.
Featured image from Unsplash.com, charts from X and TradingView.com
