The elected president of the United States, Donald Trump, is already taking proactive measures in the cryptocurrency industry to begin his administration, starting with ethereum. First was the launch of his Token Meme in Solana and the support of Token Meme de Melania Trump on the Social Network Platform x. Behind the scene, World Liberty Financial, a cryptographic company affiliated with Donald Trump and some of his relatives, he took An important step towards ethereum. <a target="_blank" href="https://x.com/lookonchain/status/1880992881164623958″ target=”_blank” rel=”noopener nofollow”>Chain Transaction Data It reveals that the company defi recently converted USDC worth $ 20 million into 6,041 eth, buying tokens at a rate of $ 3,311 each.
From Solana to ethereum
He Launch of the officer The Trump meme token in the Solana block chain took many in the cryptographic community and served as a wink to The growing prominence of Solana In the blockchain space. In particular, this movement highlighted the growing prominence of Solana and its growing advantage over ethereum as a favorite block chain to launch meme coins and intelligent contracts. In particular, the Tokens meme based in Solana have gained significant traction in the current market cycle, in contrast to the MEME coins based on ethereum and the utility cryptocurrencies, which dominated during the Cryptocurrency Market of 2021 cryptocurrencies.
In addition, ethereum was considered the block chain chosen by Donald Trump due to its important assignment within the World Liberty Financial portfolio. This is because World Liberty Financial had already bought eth worth millions of dollars. Interestingly, the defi company also has a substantial amount of Chainlink and AAVE in its portfolio, which are two other cryptocurrencies based on ethereum.
However, the recent transaction shows that Donald Trump could still be proactive with eth. In the transaction, World Liberty used USDC $ 20 million to acquire 6,041 eth, despite ethereum's low performance in the current market cycle compared to other cryptocurrencies of large market capitalization. Interestingly, this raises the total purchase of eth to 47 million dollars in eth in the last 24 hours.
According to Arkham Intelligence data, World Liberty I cryptocurrency portfolio IIt is valued at 276.4 million dollars, and ethereum represents most. Specifically, World Liberty has 39,000 eth worth $ 128 million, which is a clear indication of its Faith in ethereum's value proposal.
Beyond eth, the portfolio includes important allocations to stable currencies, with $ 78.55 million in USDT and 62.32 million dollars in USDC. In addition, World Liberty has $ 1.97 million in AAVE, $ 1.91 million in Chainlink, $ 1.80 million in Wrapped bitcoin (WBTC) and $ 818,460 in Wrapped ethereum (Weth), among many other Altcoins. Surprisingly, World Liberty doesn't have a Solana.
eth price and market feeling
As mentioned, ethereum's performance in this cycle has been disappointing. compared to initial expectations At the beginning of this cycle as the largest Altcoin. In particular, the king of the Altcoins still has to break substantially and stay above the price brand of $ 4,000.
However, important investments such as this can greatly contribute to reconstructing a positive feeling around eth and increasing the interest of purchase of retail and institutional investors.
At the time of writing this article, eth is quoted at $ 3.310.
MEDUM OUTPUT IMAGE, TRADINGVIEW.COM GRAPHIC
