- Trump’s Ether exposure rises again amid ETH price drop.
- His crypto portfolio shows 92% in accumulated ETH via World Liberty Financial (WLF).
- Analysts expect ETH price to hit $6,000 first before $8,000 and $10,00 ETH ATH appear.
President of the United States of America, Donald J. Trump, is an active crypto advocate and is associated with World Liberty Financial, the entity that had heavily accumulated the pioneer altcoin, Ethereum (ETH). Trump’s Ethereum exposure rises again as his crypto portfolio, via World Liberty Financial, shows 92% in accumulated ETH, and the crypto market continues its slow sideways movement.
Trump’s Ethereum Exposure Rises Again
Trump’s campaign for his latest presidency win was heavily focused on a pro-crypto core. He promised many things to the crypto community and went on to fulfil many of his promises the second he took office. To highlight, he promised to fire Gary Gensler, which he did. He then put a pro-crypto entity in the SEC Chair and went on to build a team that would put pro-crypto policies into regulations.
President Trump also went on to officially set up a US Strategic Crypto Reserve, and his team has made it clear that the US government will soon start to buy BTC to hold it as an official stockpile and reserve. His many pro-crypto changes have led to greater blockchain innovation within the country, and prominent crypto entities chose to stay in the USA as opposed to their earlier plans of shifting their headquarters to pro-crypto cities like Dubai.
Another pro-crypto move following Trump’s second presidency win was the establishment of World Liberty Financial (WLF). Inspired by Trump and his pro-crypto policies, the Liberty Group founded the World Liberty Financial (WLF), a decentralized financial protocol and crypto company, that is currently holding several crypto assets, including a huge pile of the pioneer altcoin asset, Ethereum (ETH).
WLF Crypto Portfolio Shows 92% in Accumulated ETH
As we can see from the post above, World Liberty Financial (WLF) holds a vast collection of cryptocurrencies, including ETH, BNB, MNT, IO, USDC, and more. Its largest holdings at the moment are Ethereum (ETH), which total to $254.99 million worth of ETH. This is about 92% of WLF’s total crypto holdings, which totals up to $277,795,088. Thus, Trump’s Ethereum exposure rises again.
According to CoinMarketCap analytics, the price of ETH is trading in the $4,200 price range, showing that the asset is down by over 6% in the last 24 hours. Despite this bearish action, the analyst in the post above believes ETH has already escaped the $4,000 resistance area, after 7 brutal rejections built tension. With ETH having broken out of that price range, he believes that new ATHs for ETH are inevitable.
