World Liberty Financial has become a focal point by acquiring over $10 million in ETH. This news has caught the attention of investors monitoring the organization's moves.
ETH Purchase by the Organization
World Liberty Financial recently acquired more than $10 million in ETH, happening amid its popularity related to the launch of the Trump memecoin and Melania token. This purchase may be a signal of the organization's plans in the cryptocurrency market.
Buying Pressure and Price Dynamics
The ETH purchase coincided with the cryptocurrency testing support near the $3,050 level. ETH, up by 1.54% in the past 24 hours, hints at a potential market trend change. IntoTheBlock data reveals that 71% of ETH holders are in the green, and 54% of all ETH is held by large holders, signaling confidence in the asset. Large holder net flows spiked between January 27 and 28.
Accumulation and Exchange Flows Analysis
While whale accumulation is limited and spot flows remain negative, they have notably cooled down compared to two days ago. The drop in exchange flows creates uncertainty. On January 11, similar exchange flow drops were followed by a 20% price rally.
World Liberty Financial's significant ETH investment has drawn investor attention. Despite current market uncertainty, accumulation may signal bullish trends for ETH.