Trump-affiliated World Liberty Financial makes strategic crypto investment, purchasing 2.397M MOVE tokens while holding substantial ETH positions.
By Parth Dubey
Edited by Marco T. Lanz
Updated
3 mins read
World Liberty Financial, a portal for crypto investors, has purchased a significant 2.397 million MOVE $0.44 24h volatility: 0.1% Market cap: $1.09 B Vol. 24h: $35.75 M tokens worth around $1.859 million. The purchase was spread over four separate transactions, each happening on Tuesday, attracting the attention of the digital asset space in a hurry because the firm is affiliated with the United States President Donald Trump and some of his family members.
As per the data provided by Arkham, World Liberty Financial holds digital assets worth close to $393 million, with its biggest investment being in Ether ETH $1 970 24h volatility: 0.3% Market cap: $237.67 B Vol. 24h: $12.33 B . Trump’s firm has a massive $189.97 million invested in ETH, and a portion of these tokens have also been staked via Lido Finance because World Liberty Financial also holds almost $62 million in stETH.
According to the data provided by CoinMarketCap, MOVE has shot up 14.32% in the past day and has hit a price tag of $0.8197 at press time. The digital asset is valued at $1.88 billion and witnessed a 107.64% surge in its trading volume, down 43.26% from its all-time high of $1.45.
As per the daily chart provided by TradingView below, the Relative Strength Index (RSI) for the MOVE price action reads a value of 51.46, which means that the bulls have officially taken over the altcoin’s trajectory. Further, the gradient of the line hints at the possible continuation of the uptrend in the coming days.
Source: TradingView
Meanwhile, the price action of MOVE tried to retest the upper end of the Bollinger Bands, which acts as the resistance for the altcoin. While the daily candle is still situated in the bullish region, MOVE needs to break out of $1 to confirm a new all-time high this cycle.
It is important to note that currently, the digital asset space has eyes on every action related to Trump since the US president has made promises to work towards the adoption of cryptocurrencies in the country. The billionaire recently launched his own meme coin, TRUMP $10.86 24h volatility: 3.2% Market cap: $2.17 B Vol. 24h: $426.97 M , which is up 9.13% in the past day, trading at $29.83.
Another Trump-related meme coin, MAGA, has soared a substantial 23.34% in the last 24 hours and trades at $6.18, claiming a market capitalization of $272.1 million. A meme coin that stood out is Triumph of MAGA (MAGA), which has skyrocketed a monumental 400.30% and is priced at $0.04074 with a volume of $19.61 million.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
