Trump-linked WLFI adds 1,587 ETH as Ethereum tops $2,200
Institutional interest rises after World Liberty Financial’s ETH purchase
World Liberty Financial, a decentralized finance initiative associated with U.S. President Donald Trump, has purchased 1,587 ETH worth $3.5 million, signaling renewed institutional confidence in Ethereum.
The investment follows Ethereum’s sharp 16% daily rally, with its price climbing past $2,200 and daily trading volumes surging to $38 billion, a 125% increase.
Key takeaways
- World Liberty Financial acquires 1,587 ETH for $3.5M, reinforcing institutional interest.
- ETH price jumps 16%, reaching $2,200 with daily trading volumes spiking to $38 billion.
- Abraxas Capital withdraws 49,644 ETH ($92M) from Binance and Kraken, signaling long-term positioning.
- ETH futures open interest rises 16%, while $235M in short positions were liquidated.
Institutional momentum builds behind Ethereum
The WLFI acquisition comes as ETH stages a strong rebound from its 2024 lows under $1,800, prompting institutional players to return to the market. According to Arkham Intelligence, the transaction was executed via a wallet linked to World Liberty Financial, reflecting its continued accumulation strategy over the past several months.
The Trump-linked project has been steadily accumulating Ethereum over the past few months, with project manager Eric Trump previously expressing an optimistic outlook on the asset.
In addition to the World Liberty Financial acquisition, Abraxas Capital made waves by withdrawing 49,644 ETH, valued at approximately $92 million, from major exchanges Binance and Kraken—indicating a shift away from centralized platforms and toward custody or long-term holding.
The broader crypto landscape is seeing renewed confidence in Ethereum. The Ethereum Foundation recently invested $32 million into ecosystem growth for Q1 2025. Meanwhile, open interest in ETH futures rose to $26.31 billion, with over $283 million in 24-hour liquidations, driven largely by short squeezes.
It's also worth noting that on May 7, the Ethereum network hosted the Pectra hardfork, which introduced 11 major improvements that will change how users interact with the blockchain.
At the time of writing, the ethereum is trading at $2,216.
Ethereum price dynamics (April 2025 - May 2025) Source: TradingView
Crypto analyst Ali Martinez identified $2,380 as a critical resistance level for ETH. A breakout beyond this barrier, he suggests, could fuel a sustained bull run.
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Outlook: Can ETH break higher?
As institutional players like World Liberty Financial double down on Ethereum, the market is watching closely for a confirmed breakout above resistance. With macro tailwinds from U.S.-UK trade activity and strengthening demand fundamentals, ETH could be poised for further gains—if momentum holds.
We also reported earlier that Trump-backed USD1 becomes fifth-largest stablecoin.
