Trump-Linked Whale Buys Another 6,144 ETH as Price Nears Key $4,000 Test
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- On-chain data analysis shows a renewed demand for Ethereum by corporate investors and U.S. spot Ether ETFs.
- Capital rotation from Bitcoin to Ethereum has signaled the onset of the 2025 altseason.
- ETH price has approached a crucial resistance level around $4k, which could yield a parabolic rally or a fresh correction.
The institutional demand for Ethereum (ETH) has outperformed that of Bitcoin (BTC) in the past few weeks. President Donald Trump-backed World Liberty Financial (WLFI) has led corporations with aggressive accumulation of ETH for treasury management.
According to on-chain data analysis, a wallet associated with World Liberty Financial spent $23 million to buy 6,145 ETH at an average price of $3,743. Since Ethereum rallied above $3,000, in the past 6 days, World Liberty Financial spent $36 million to buy 10,013 ETH at an average price of $3,595 across 3 addresses.
Related: Ethereum Gains Favor as a Corporate Treasury Asset Beyond Bitcoin
This aggressive buying is part of a larger trend. Since mid-May, the U.S. spot Ether ETFs, led by BlackRock’s ETHA, have recorded a net cash inflow of more than $5 billion.
Why institutional demand for…
The post Trump-Linked Whale Buys Another 6,144 ETH as Price Nears Key $4,000 Test appeared first on Coin Edition.
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Trump-Linked Whale Buys Another 6,144 ETH as Price Nears Key $4,000 Test
Share:
- On-chain data analysis shows a renewed demand for Ethereum by corporate investors and U.S. spot Ether ETFs.
- Capital rotation from Bitcoin to Ethereum has signaled the onset of the 2025 altseason.
- ETH price has approached a crucial resistance level around $4k, which could yield a parabolic rally or a fresh correction.
The institutional demand for Ethereum (ETH) has outperformed that of Bitcoin (BTC) in the past few weeks. President Donald Trump-backed World Liberty Financial (WLFI) has led corporations with aggressive accumulation of ETH for treasury management.
According to on-chain data analysis, a wallet associated with World Liberty Financial spent $23 million to buy 6,145 ETH at an average price of $3,743. Since Ethereum rallied above $3,000, in the past 6 days, World Liberty Financial spent $36 million to buy 10,013 ETH at an average price of $3,595 across 3 addresses.
Related: Ethereum Gains Favor as a Corporate Treasury Asset Beyond Bitcoin
This aggressive buying is part of a larger trend. Since mid-May, the U.S. spot Ether ETFs, led by BlackRock’s ETHA, have recorded a net cash inflow of more than $5 billion.
Why institutional demand for…
The post Trump-Linked Whale Buys Another 6,144 ETH as Price Nears Key $4,000 Test appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Ethereum Price Prediction: Can ETH Hold $1,900 As Analyst Warns Of 22% Drop?