Eric Trump bull-posts Ethereum as World Liberty Fi wallet sends millions of ETH to Coinbase

Key Takeaways

• Eric Trump expressed bullish sentiment towards Ethereum, calling it a great time to buy.
• World Liberty Finance's movements of Ethereum have raised questions in the crypto community.

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Eric Trump expressed bullish sentiment towards Ethereum in a tweet today, stating “In my opinion, its a great time to add $ETH.”

The president’s son later modified the tweet to remove the phrase “You can thank me later.”

World Liberty Finance has accumulated 86,000 ETH in the past seven hours, bringing their total holdings to $421 million, with Ethereum comprising 65% of their portfolio.

According to data from Nansen, World Liberty’s wallet previously held $218 million worth of ETH and approximately $60 million in Lido Staked ETH.

Arkham Intelligence data shows the platform subsequently moved millions worth of ETH and SETH to various destinations including Coinbase, CoW Protocol, Lido, and Gnosis.

Sending tokens to an exchange usually signals a sell-off, but given the recent acquisition and Eric Trump’s bullish tweet, it appears they’re holding for the long term.

Current Nansen data indicates World Liberty’s holdings have decreased to $47 million in ETH and slightly over $5 million in STETH.

The movement follows World Liberty Financial’s $48 million Ethereum purchase last month at an average price of $3,300.

The activity coincides with the Trump family’s recent involvement in the crypto sector, including their connection to World Liberty Financial, a DeFi venture, and their launch of several meme coins.

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