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With an attractive teaser about an upcoming ‘big move’ from World Liberty Financial, Donald Trump Jr. sparked intrigue among the cryptocurrency community. In addition to this announcement, the company announced that it had purchased $48 million worth of stock Ethereumfueling rumors about his strategic ambitions in cryptocurrency.
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The power of a cryptic tweet
Trump Jr.’s short but impactful tweet caused much speculation. If he means a revolutionary venture, given the company’s massive purchase of Ethereum, it means World Liberty Financial is ready to kick off a major blockchain project. Not bad timing, indeed. Ethereum still tops the list of most used cryptocurrenciesall thanks to the stable ecosystem.
The latest hint followed a revelation by Lookonchain, an on-chain monitoring company, which confirmed that the WLFI project, which was inspired by Donald Trump, had purchased millions of dollars worth of Ether just one day before the president-elect’s election. inauguration.
At an average price of $3,311 per Ethereum, WLFI purchased 6,041 ETH tokens using $20 million in USDC, according to Lookonchain. The purchase took place over the course of several transactions over a 30-minute period, as confirmed by on-chain data.
Just wait until you see what they do tomorrow!
@worldlibertyfi https://t.co/v8eRDFImHo
— Eric Trump (@EricTrump) January 20, 2025
Eric Trump responded to the Lookonchain revelation by suggesting that the World Liberty Financial offering still had a hidden agenda. “Just wait until you see what they do tomorrow,” the businessman and the president-elect’s third child said on X, waving rocket emoji. Don’t forget that Eric was, among other things, a co-founder of the project.
Appetite for Ethereum among institutional investors
As a major player in the cryptocurrency world, Ethereum is known for its DeFi features and smart contract support. By making such a large investment in Ethereum, World freedom financial may be sending a message that they want to use blockchain technology in their business. This could lead to new financial offers. This move also fits into the general trend of large companies using digital currencies.
Trump Tweet: Ripple Effects on the Crypto Market
The company is already making a lot of noise as analysts expect ripples in the markets, but if World Liberty Financial becomes a success, many more institutions could join in their efforts, with Ethereum value becoming an amplifier of the institution in the overall global situation. But with less information being released, many are still looking at what this can do.
We are all extremely proud of what we continue to achieve in crypto. $Trump is the most popular digital meme on the planet right now and I truly believe it @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We’re just getting started!
—Donald Trump Jr. (@DonaldJTrumpJr) January 19, 2025
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Meanwhile, Donald Trump Jr., the president-elect’s eldest child, drew attention to their achievements in the crypto scene.
Trump Jr. called OFFICIAL TRUMP (TRUMP) the “world’s hottest digital meme” and highlighted its potential. He also predicted that WLFI could transform the financial world by reshaping DeFi and CeFi, emphasizing: “We’re just getting started.”
Featured image from Pexels, chart from TradingView
