According to data from Lookonchain, the cryptocurrency project of President Donald Trump, World Liberty Financial, has invested 13 million dollars in the stablecoin USDC to purchase 3,473 ETH, at a price of 3,743 dollars per token. This latest purchase has raised the total Ethereum on the platform to 73,616 ETH, valued at approximately 275 million dollars. World Liberty Financial has accumulated these tokens at an average price of 3,272 dollars, generating an unrealized gain of over 33 million dollars.
Last week, WLF purchased Ethereum tokens worth 10 million dollars, coinciding with the altcoin's bullish surge. Reportedly, the platform accumulated 3,007 ETH at an average price of 3,325 dollars per token. Previously, in May, WLF bought 1,587 Ethereum coins worth 3.5 million dollars.
The large-scale purchases of Ethereum by institutional entities like World Liberty Financial can significantly influence market dynamics. Following this move, the price of Ethereum experienced a notable increase of 2% during the last day, reaching a daily high of $3,763 today. Ethereum is currently in a bullish moment, with strong increases of 20% and 67% over the last week and the last month, respectively.
