Oh, what a time we live in, my dear readers! In a world where the ethereal and the earthly intertwine, the grand saga of Ethereum takes a most peculiar turn. It seems that the illustrious World Liberty Financial, a project so closely tied to the Trump family that it might as well be wearing a red tie, has decided to sprinkle some of its magic dust upon the blockchain. According to the wise sages of Lookonchain, this noble entity has spent a princely sum of 5.025 million USDC to acquire 1,076 ETH at the dizzying price of $4,670 each. Can you believe it? It’s almost as if they’re trying to buy their way into the future!
But wait, there’s more to this tale than meets the eye. Not too long ago, World Liberty was seen parting ways with a hefty 5,471 ETH for a mere $8.01 million at the modest rate of $1,465 per token. Oh, what a bargain, you might say, but not so fast! For you see, this same generous soul had previously spent a staggering $210 million to amass a whopping 67,498 ETH at an average cost of $3,259. Now, they find themselves sitting on a rather uncomfortable loss of about $125 million. Ah, the joys of speculative investing!
Coinbase Expands Token Roadmap
And just when you thought the story couldn’t get any more dramatic, enter Coinbase, the digital marketplace of all things crypto. In a move that can only be described as a strategic chess game, Coinbase has added World Liberty Financial USD (USD1), the Trump-backed stablecoin, to its illustrious listing roadmap. It’s as if the crypto world is saying, “If you can’t beat ’em, join ’em!” Coinbase, ever the innovator, is also looking to diversify its assets across the Ethereum, Base, and Solana networks. Tokens such as QCAD, Dolomite, and SPX6900 are now under review for Ethereum, while AWE Network and Flock are being considered for Base, and Solayer for Solana. Eric Trump, the charismatic Vice President of Trump Media Group and co-founder of World Liberty, couldn’t help but share the exciting news on X, hinting at more surprises to come. The stage is set, and the audience is eager for the next act!
Bitcoin OG Shifts Into Ethereum
But let us not forget the old guard, the Bitcoin OGs, who are not content to sit idly by. Blockchain trackers have spotted unusual activity from a long-dormant Bitcoin whale, a creature so rare it might as well be a unicorn. This mystical being, having received 100,784 BTC seven years ago, has now transformed into 62,914 ETH, worth a cool $270 million. And if that weren’t enough, it has also established a 135,265 ETH derivatives long position valued at a jaw-dropping $580 million. Lookonchain suggests that the same entity might control multiple wallets, each following a similar strategy. The market, ever the responsive beast, has taken notice. As of writing, ETH trades at $4,765, up 13.07% in the past 24 hours, with volumes exceeding $59 billion. Ethereum’s rally, fueled by political projects and Bitcoin whales, continues to captivate the world. Stay tuned, for the show is far from over!
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2025-08-22 21:57