Trump’s World Liberty Financial Scoops more ETH: Ethereum Price to Rise?

World Liberty Financial, an organization reportedly linked to President Trump, has reportedly acquired over 10 million worth of ETH. The timing of the purchase may also be noteworthy in the grand scheme of things.

World Liberty Financial has become quite popular over the last 2 weeks particularly due to its affiliation with President Trump. More importantly, this the same organization that launched the Official Trump memecoin and Melania token.

The two enjoyed significant success, thus casting the spotlight on World Liberty Financial. In other words, investors have been carefully watching this organization to perhaps copy its trading activities.

Interestingly, World Liberty Financial has reportedly spent $10 million to add more ETH to its wallet. Some see this as a sign that it could potentially launch another token sometime soon or it could just be a buy-the-dip moment.

ETH buying pressure makes comeback at short term support

Interestingly, World Liberty Financial’s ETH purchase occurred just as the cryptocurrency retested support near the $3,050 price level. It has been trading in a wedge pattern underpinned by the aforementioned support and a descending resistance line.

ETH was already up by 1.54% in the last 24 hours indicating a pivot from the bearish momentum observed in the first half of the week. But could this, combined with the World Liberty Financial purchase, indicate that a potential breakout is on the way?

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An overview of ETH ownership data on IntoTheBlock revealed that roughly 71% of all ETH holders were in the green. Only 24 percent of holders were at a loss at the current price level.

Meanwhile, roughly 54% of ETH in circulation was held by whales (large holders). This signals confidence among the large holder cohort. Speaking of whales, large holder net flows registered a spike in positive flows between 27 and 28 January.

Large holder spot flows bounced from 36,610 ETH on 27 January to 88,210 ETH on 28 January. This occurred right after price encountered the short term support level. This indicates that many investors expect price to pivot in favor of the bulls.

World Liberty Financial Accumulates ETH, But…

It is worth noting that whale accumulation was rather limited and may not necessarily reflect strong demand. Spot flows were still in the negative by roughly $12.44 million at the time of observation. However, they had notably cooled down compared to the $256.07 million in spot outflows recorded just 2 days prior.

The observation also reflected the declining exchange flows observed this week due to prevailing uncertainty. The DeepSeek Chinese AI situation caused a stock market crash, forcing investor in the crypto space to adopt a cautious stance.

ETH exchange flows dropped to a noteworthy level where it previously bounced off multiple times in the past. For example, exchange flows previously bounced back on 11 January, and shortly after that, price embarked on a rally by almost 20%.

Based on these observations, it looks like ETH could be building up bullish momentum in the coming days. Investors should however watch out for unexpected downside.