Ethereum’s massive 16% god-candle in the last 24 hours has ignited institutional interest, with Donald Trump’s DeFi project World Liberty Financial scooping another 1,587 ETH, worth $3.5 million earlier today. This happens as ETH price stages a strong reversal, shooting past $2,200 with daily trading volumes jumping 15% to more than $37 billion.

World Liberty Financial Takes Forward Institutional Ethereum Interest

As ETH price stages strong reversal, institutional interest in the largest altcoin is gathering steam. As per data from Arkham Intelligence, a wallet associated with Donald Trump’s DeFi project World Liberty Financial has purchased 1,587 Ethereum coins with a fresh investment value of $3.5 million.

The project has been heavily accumulating Ethereum over the past few months, with project lead Eric Trump sharing a bullish outlook for the asset in the past. Although ETH price corrected more than 40% since the beginning of 2024, the sharp bounce back from under $1,800 has led to renewed institutional interest and buying.