- ETH/BTC ratio at 0.03124 showed an institutional preference shift as World Liberty’s ETH holdings reached the $140M mark.
- Justin Sun’s WLFI position hits 3B tokens after a $45M total investment.
The Trump-backed World Liberty project has made headlines yet again with a massive Ethereum[ETH] acquisition, spending $48 million USDC to purchase 14,403 ETH at an average price of $3,333 in the past 12 hours.
According to Arkham Intelligence, this latest buy brings World Liberty’s total Ethereum holdings to 41,269 ETH, valued at over $140 million.
With Ethereum recently strengthening against Bitcoin, could this accumulation signal a strategic shift in market sentiment?
Justin Sun’s WLFI investments
World Liberty’s aggressive ETH purchases have not gone unnoticed. The project’s $48 million purchase in just 12 hours highlights its bullish stance on ETH’s potential.
Ethereum’s price chart shows a strong recovery, with ETH trading at $3,383 during the last session, up 5.42%. This price level aligns with World Liberty’s purchase price of $3,333, indicating the project’s confidence in ETH’s upward trajectory.
Adding to the intrigue, Justin Sun, founder of TRON, has been heavily involved with World Liberty. Sun recently spent $15 million USDT to acquire 1 billion WLFI tokens, bringing his total holdings to over three billion WLFI.
This follows his earlier $30 million investment in the token, cementing his commitment to the Trump-backed project. Sun’s involvement raises questions about how WLFI might be leveraging Ethereum for liquidity or staking purposes.
ETH/BTC ratio: Ethereum’s momentum against Bitcoin
Ethereum’s strength relative to Bitcoin is another key factor in this story. The ETH/BTC ratio chart shows a current level of 0.03124, reflecting a slight 1.54% decline in the last session.
Despite this pullback, Ethereum has demonstrated resilience in maintaining its relative strength over the past months.
The chart reveals a potential consolidation phase, which could pave the way for a breakout if Ethereum sustains its bullish momentum.
Source: TradingView
World Liberty’s Ethereum accumulation could be part of a broader strategy to capitalize on ETH’s recent outperformance in network activity and adoption.
Ethereum’s deflationary supply dynamics following the ‘Merge’ and its dominance in DeFi and NFTs present a compelling alternative to Bitcoin, which has faced slower development in recent years.
Analyzing Ethereum’s technical indicators
Ethereum’s price chart paints an optimistic picture. The recent 5.42% rise has ETH testing the $3,400 resistance level, with the 50-day Moving Average at $3,536 serving as the next key hurdle.
The Chaikin Oscillator (CC) shows positive accumulation signals, suggesting growing buying interest.
If Ethereum can break above the $3,536 resistance, it could extend its rally toward the $3,800-$4,000 range, providing further validation for World Liberty’s strategy.
Source: TradingView
However, the RSI at 50.30 reflects a neutral stance, indicating that ETH still has room for further upward movement without entering overbought territory.
Investors will be closely watching whether ETH can maintain its bullish trajectory amid macroeconomic uncertainties and potential profit-taking at higher levels.
What’s next for World Liberty and ETH?
World Liberty’s $140 million ETH holdings signal a strategic shift in its portfolio allocation, potentially positioning ETH as a core asset.
This could influence other institutional players to follow suit, further strengthening Ethereum’s market position.
Moreover, Justin Sun’s continued investments in WLFI suggest a deeper synergy between the Trump-backed project and Ethereum, possibly involving DeFi protocols or staking mechanisms.
– Read Ethereum (ETH) Price Prediction 2024-25
World Liberty’s aggressive ETH accumulation and Justin Sun’s investments in WLFI reflect growing confidence in Ethereum’s potential to outperform Bitcoin in the long term.
As Ethereum approaches key resistance levels, its performance will be crucial in validating World Liberty’s strategy in the coming weeks.
For now, the Trump-backed project’s actions underline the increasing institutional interest in Ethereum and its evolving role in the cryptocurrency market.
