Ethereum is experiencing a sharp surge as Trump-linked World Liberty Financial makes headlines with new purchases. According to blockchain analytics platform Lookonchain, World Liberty recently spent 5.025 million USDC to acquire 1,076 ETH at $4,670.
The project, which is linked to President Trump’s Family, is coming back after selling thousands of ETH at a high loss. Lookonchain reported that a wallet tied to World Liberty sold 5,471 ETH for $8.01 million at $1,465 per token.
This came after the entity had spent nearly $210 million to accumulate 67,498 ETH at an average of $3,259. Consequently, the position is now sitting on a loss of about $125 million.
Coinbase Expands Token Roadmap
The purchase comes just a day after Coinbase added World Liberty Financial USD (USD1), the Trump-backed stablecoin, to its listing roadmap. Coinbase is trying to diversify assets across Ethereum, Base, and Solana networks with this move.
In addition, tokens like QCAD, Dolomite, and SPX6900 have made their way onto the Ethereum review list. AWE Network and Flock are now being considered on Base, while Solayer has been added for Solana.
Eric Trump, who serves as the Vice President of Trump Media Group and is also a co-founder of World Liberty, shared the news about the roadmap on X. He teased that more announcements are on the way, keeping the project in the limelight.
Bitcoin OG Shifts Into Ethereum
Moreover, blockchain trackers flagged unusual activity from a long-dormant Bitcoin whale. The wallet, which received 100,784 BTC seven years ago, turned into 62,914 ETH worth $270 million.
Additionally, it established a 135,265 ETH derivatives long position valued at $580 million. Lookonchain noted that the same entity may control multiple wallets following similar strategies.
Ethereum’s market reaction to these is identifiable. As of writing, ETH trades at $4,765, up 13.07% in the past 24 hours, with volumes exceeding $59 billion.
Ethereum’s rally is getting interest from political projects and Bitcoin whales, one of them being the OG. Coinbase’s roadmap update further fuels the momentum.
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