World Liberty Financial Acquires 3,400 ETH

World Liberty Financial, a cryptocurrency project associated with U.S. President Donald Trump, has invested millions to enhance its Ethereum holdings amidst a wave of institutional demand. According to Arkham Intelligence data, onchain researcher Lookonchain reported that on Tuesday evening, World Liberty purchased 3,473 ETH at an average price of $3,743 across various wallets, with some of the newly acquired ether being staked. Currently, World Liberty's total ETH holdings amount to approximately 73,616, valued at around $275.9 million based on today’s market prices. This significant move by World Liberty aligns with the increasing institutional interest in ether, as indicated by tools analyzing financial flows. For instance, Ethereum exchange-traded funds (ETFs) recorded net inflows of $533.9 million on Tuesday, while Bitcoin ETFs experienced a net outflow of $67.9 million, as revealed by SoSoValue data. Despite experiencing stable prices in the last 24 hours, with ether currently around $3,729, the cryptocurrency has seen impressive growth—rising by 20% over the past week and 67.1% over the last 30 days. Additionally, World Liberty is gearing up for the impending release of its WLFI token. The team stated last week that trading for WLFI is expected to commence within the next two months, emphasizing that they are targeting a period of 6 to 8 weeks for achieving full operational potential through strategic partnerships and initiatives. Disclaimer: The Block is an independent media source reporting on the crypto industry. As of November 2023, Foresight Ventures has a major stake in The Block and also invests in various crypto firms. The Block remains dedicated to providing unbiased and timely news.