Trump-Backed Crypto Project Secures $48M in ETH as Token Gains Momentum
- World Liberty Financial purchased 14,403 ETH for $48M, raising its holdings to 33,630 ETH.
- Melania Trumps memecoin, MELANIA, reached a $6.14B valuation with 45,000 holders shortly after launch.
- TRUMP token plunged 38%, losing $5B in market cap within 40 minutes on January 19.
World Librty Finncil, crypto projct supportd by Donald Trump, hs md significnt mov in th cryptocurrncy mrkt, purchsing $48 million worth of Ether. This bold cquisition occurrd on Jnury 19, s rportd by Lookonchin. Th purchss mountd to totl of 14,403 Ether, pushing th projcts totl ETH holdings to n imprssiv 33,630 ETH. According to Arkhm Intllignc, this stsh is now vlud t ovr $107 million.
Ethers rltiv prformnc ginst Bitcoin lso sw slight improvmnt. TrdingViw dt rvls th ETH/BTC rtio incrsd by 0.79% to 0.03197, rbounding ftr six-wk slump whr it droppd 18% ginst Bitcoin. This rcovry coincids with Ethers pric fluctutions, which rngd from $3,133.98 to $3,439.78 ovr 24 hours, ultimtly climbing 4.68% intrdy to $3,362.
Trumps Memecoin Sparks Solana Rally
This nws follows surprising dvlopmnt involving Trumps mmcoin lunch on th Solana blockchin. Th vnt triggrd significnt rlly for Solanas ntiv tokn, proplling its vlu to n ll-tim high of $270.
Whil World Librty Finncil hsnt disclosd its rsoning for th substntil Ether purchs, Eric Trump, n dvisr to th pltform, hintd t upcoming nnouncmnts. Wit until you s wht thy do tomorrow, h tsd in Jnury 19 post on X.
Adding to th xcitmnt, Googl srch intrst in Etherum pkd on Jnury 19, s pr Googl Trnds dt. This indicts growing public ttntion towrd th cryptocurrncy mid ths dvlopmnts.
Melania Trumps Memecoin Gains Traction
Melania Trump lso md hdlins with hr mmcoin inititiv. Lunchd undr hr nm, MELANIA skyrocktd to $6 billion vlution within two hours of its dbut. In Jnury 19 X post, Melania promotd th tokn, which quickly grnrd ovr 45,000 wllt holdrs. DEXScrnr dt rvls th mmcoin hit mrkt cpitliztion of $6.14 billion shortly ftr its lunch t 9 PM UTC on Jnury 19.
Th MELANIA tokn is dscribd on its officil wbsit s gstur of support nd nggmnt, mphsizing it is not n invstmnt vhicl. Dspit this, its rpid mrkt succss hs drwn significnt ttntion.
In contrst to MELANIAs succss, th TRUMP tokn xprincd shrp downturn. Within 40 minuts on Jnury 19, th tokns mrkt cpitliztion plummtd by $5 billion. According to CoinMrktCp dt, its pric tumbld 38%, dropping from $74.6 to $45.9.
Ths dvlopmnts com just dy bfor Donald Trumps prsidntil inugurtion on Jnury 20, mrking n vntful priod for th Trump-bckd crypto cosystm. With Ether gining momntum nd th lunch of high-profil mmcoins, th impct of ths movs on th cryptocurrncy mrkt rmins topic of kn intrst.
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Read more: https://www.tronweekly.com/trump-backed-crypto-project-secures-48m-in-eth/
Text source: TronWeekly
