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#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Trump's second son hinted in a post that 'a major event regarding ETH will be announced today', and WLFI increased the position by 14,000 Ethereum last night
After Trump launched the official meme coin $TRUMP, the community has been constantly voicing 'sell ETH for SOL', leading to a downward trend in Ethereum. However, Trump's family's decentralized finance project WLFI has been steadily increasing their position in ETH since last night, and Eric, Trump's second son, hinted earlier that WLFI will make a major announcement regarding ETH today. (Background: Thanks to Trump, Solana surged 20% in a single day, and the $TRUMP team sold 7 million pounds of liquidity to buy SOL) Trump launched the official meme coin $TRUMP on Saturday (18th), and the price of the coin soared from around $0.18 at the opening, reaching over $75 this morning according to coin exchange data. As the token was released on Solana on-chain, there have been continuous voices in the community to 'sell ETH for SOL', resulting in SOL hitting new highs while Ethereum is weaker. World Liberty Financial started increasing their position in ETH last night. However, against this backdrop, Trump's family's decentralized finance project World Liberty Financial (WLFI) has been steadily increasing their position in ETH since last night, inspiring a rapid rebound in ETH price, briefly surpassing $3,400. But then, due to a rapid drop in BTC, ETH also declined synchronously, and the earlier gains were almost completely wiped out. According to on-chain analyst Yu Jin, WLFI spent a total of 48 million USDT to purchase 14,403 ETH in the past 12 hours, with an average purchase price of $3,333. It is worth noting that Eric, Trump's second son, hinted at around 9 am that today might see something big regarding ETH. As Trump will officially take office as the new president of the United States tonight, it has become a hot topic of discussion whether he will talk about ETH or if WLFI will announce new moves regarding Ethereum. Wait until you see what they do tomorrow! @worldlibertyfi — Eric Trump (@EricTrump) January 20, 2025 Trump's wealth skyrocketed. However, regardless of the circumstances, as CIC Digital LLC and Fight Fight Fight LLC, two companies owned by Trump, collectively hold 80% of the $TRUMP supply, assuming these belong to Trump, at the current price of about $45, Trump's net worth has increased by $36 billion over the weekend (calculated at the fully diluted value, with a total of 1 billion $TRUMP coins issued, and 200 million coins already issued). TRUMP'S NET WORTH QUINTUPLES OVERNIGHT TO $28 BILLION Donald Trump's net worth is up $22 billion overnight, assuming CIC Digital LLC and Fight Fight Fight LLC, which collectively own 80% of the $TRUMP supply, effectively belong to him. At the current price of ~$28, that stake… pic.twitter.com/N7hH9QUSt9 — Arkham (@arkham) January 18, 2025 Related reports Tether CEO: Does Trump support USDT and not rule out further business development in the United States? BTC surges to $102,000! Bloomberg: Trump will issue an executive order on the day of his inauguration, making 'encryption currency a national priority' New York Post: Trump will prioritize support for US companies such as Solana and Ripple when he takes office, ending four years of suppression <Trump's second son hints at 'major ETH announcement today', WLFI increases position by 14,000 Ethereum> This article was first published on BlockTempo, the most influential blockchain news media.