Trump family encryption project WLFI invested $13 million to increase holdings by 3,473 ETH, total Holdings increased to $275 million.

The cryptocurrency project World Liberty Financial (WLFI), supported by the Trump family, recently invested $13 million USDC to purchase 3,473 ETH, bringing its total holdings to 73,616 ETH, worth approximately $275 million. This move is closely related to the rise in Ethereum's price and reflects the increasing institutional interest in ETH.

World Liberty Financial purchased 3,473 ETH

According to Lookonchain data, World Liberty Financial (WLF) successfully purchased 3,473 ETH by paying 13 million USDC stablecoins, with an average price of 3,743 USD per ETH. This purchase brought WLF's total holdings of Ethereum to 73,616 ETH, currently valued at approximately 275 million USD. WLF's average purchase cost was 3,272 USD, thus their unrealized profit exceeds 33 million USD.

Ethereum's strong pump

Last week, WLF also purchased $10 million worth of Ethereum, coinciding with the rise in Ethereum's price. The report shows that WLF accumulated 3007 ETH at a price of $3325 per ETH in this purchase. Previously, in May, WLF bought 1587 ETH for $3.5 million. Such large-scale ETH purchases have a significant impact on market dynamics, and recently the price of Ethereum has seen a 2% rise, reaching a peak of $3763. Ethereum is currently facing strong upward momentum, with increases of 20% and 67% over the past week and month, respectively.

Whales and institutions are buying ETH

The continuous accumulation of WLF for ETH corresponds with the increasing attention of institutional investors towards Ethereum. Recently, large institutions including SharpLink and Bitmine have been purchasing ETH to expand their asset pools. Investment giant BlackRock has also started to pay more attention to Ethereum, gradually shifting its investment focus from Bitcoin to Ethereum.

Against the backdrop of increasing institutional investment demand, another emerging major project, Ether Machine, has also begun to attract attention. According to CoinGape, Ether Machine has garnered support from major industry leaders including Archetype, Blockchain.com, Pantera Capital, and Electric Capital, with a valuation of up to $1.6 billion.

Whale funds are also focusing on ETH

In addition to institutional investors, large cryptocurrency holders (whales) are also increasingly turning their attention to Ethereum. For example, a long-silent ICO era Ethereum whale transferred 1 ETH, with unrealized profits reaching up to $2.44 million.

Conclusion: World Liberty Financial's purchase not only demonstrates the Trump family's interest in encryption assets, but also reflects the growing confidence of institutional investors in Ethereum. As more whales and institutional funds enter the market, Ethereum is expected to further benefit from this trend.