Ethereum Gets Another Spotlight as Trump's WLF Buys

Ethereum prices rebound as Donald Trump-backed World Liberty Finance (WLF) buys $47 million in ETH, while Vitalik Buterin overhauls the Ethereum Foundation.

Ethereum Prices Stabilize After Volatile Weekend

Ethereum (ETH) is drawing the attention of both the Trump empire and the crypto community, as the world's second-largest digital currency tests key price levels.

After a sharp 8.3% drop early Monday, Ethereum has recovered and is back at $3,425 within 24 hours.

Ethereum saw a surge of volatility over the weekend as Donald Trump's memecoin TRUMP launched, followed by Melania Trump's memecoin MELANIA. The two coins attracted a significant amount of liquidity, affecting many other assets in the crypto space.

Although ETH briefly dipped below $3,200, at the time of writing, it is trading around $3,373.

Trump's World Liberty Finance Accumulates ETH

As the crypto market took a dive on Sunday, Ethereum suddenly surged 9.4%, from $3,140 to $3,438 in just a few hours.

The price spike came shortly after World Liberty Finance (WLF) — a Donald Trump-backed cryptocurrency project — purchased 14,403 ETH, worth $47.41 million.

WLF currently holds 42,182 ETH, worth around $141.9 million, according to data from Arkham Intelligence.

Notably, WLF's purchase came just before Trump's inauguration, fueling speculation that Trump may be preparing a major strategy involving cryptocurrencies.

The event became even more intriguing when Eric Trump, the second son of former President Donald Trump, posted a cryptic post on the X (Twitter) platform about the amount of ETH that WLF is holding. He wrote:
Let's see what they do tomorrow!

This statement further fueled the crypto community's speculation about Trump's next moves and his impact on Bitcoin, Ethereum, and the digital asset market.

Vitalik Buterin Reorganizes Ethereum Foundation

While Trump is influencing the market with his financial strategy, Ethereum co-founder Vitalik Buterin announced plans to reorganize the Ethereum Foundation on January 18.

Buterin stated that the change is aimed at strengthening support for decentralized application (dApp) developers and prioritizing core values such as:

- Decentralization.

- Censorship resistance.

- Privacy protection.

He also affirmed that the Ethereum Foundation will not engage in political lobbying or regulatory activities, in order to maintain neutrality and focus on technology.

Why is this important?

Trump's backing of a cryptocurrency fund and large purchases of Ethereum are creating waves of excitement in the investment community. This could signal a major shift in how the US administration views cryptocurrencies.

If Trump returns to the White House, the market could see more policies supporting Bitcoin, Ethereum, and digital assets than ever before.

Meanwhile, Vitalik Buterin continues to strengthen Ethereum, ensuring that the blockchain remains neutral and thrives despite political and regulatory pressures.

The combination of Trump’s moves and Buterin’s reforms could make Ethereum the center of the next wave of digital financial innovation.