Trump crypto project buys $48M ETH as token strengthens vs Bitcoin
Summary
World Liberty Financial, a crypto project backed by Donald Trump, purchased 14,403 Ether (ETH) for $48 million on January 19, increasing its total holdings to 33,630 ETH, valued at over $107 million. The ETH/BTC ratio rose by 0.79% to 0.03197 after a previous decline of 18% against Bitcoin. Ether's price fluctuated between $3,133.98 and $3,439.78 in the last 24 hours, currently down 1.5% to $3,230. Google searches for "Ethereum" peaked on January 19. Trump’s memecoin launch on Solana led to a rally in Solana's token, reaching an all-time high of $270. Melania Trump launched her own memecoin, which quickly gained a market cap of $6 billion, while Donald Trump's token lost $5 billion in market cap shortly after.
