Trump’s WLFI Joins Top 0.1% stETH Holders with $33M Ethereum Stake

According to the Arkham crypto analytics platform, Donald Trump’s World Liberty Financial (WLFI) has become a top 0.1% holder of staked Ethereum (stETH) after accumulating $33 million worth of the cryptocurrency. 

Since the news broke, the price of Ethereum (ETH) hasn’t reacted yet and is hovering around $3,200 after a 7% decrease since Monday. That might shortly change as we are seeing a stabilization at significant  horizontal support  

What is World Liberty Financial? 

World Liberty Financial (WLFI) is a decentralized finance (DeFi) platform backed by U.S. President Donald Trump and his family members. The platform aims to make DeFi more accessible and to strengthen the global status of U.S.-pegged stablecoins. WLFI offers a governance token, $WLFI, which allows holders to vote on platform decisions and propose changes.

The project has raised significant funds through token sales and has made strategic cryptocurrency purchases, including large amounts of Ethereum and Wrapped Bitcoin. Despite its political connections, WLFI maintains that it is non-political and not part of any political campaign.

World Liberty Financial launched earlier this year and holds significant amounts of other digital assets, including $182 million worth of Ethereum (ETH), $55.6 million in USDC, $48 million in Wrapped Bitcoin (WBTC), and smaller amounts of Aave (AAVE) and Chainlink (LINK)1. This aggressive investment strategy coincided with Trump’s second inauguration.

Ethereum To Get Wall Street Exposure 

Ethereum has been trailing behind Bitcoin, whose value has surged in recent months, while Ethereum’s growth has been more restrained. To regain momentum and increase its presence in the financial sector, Ethereum’s founder Vitalik Buterin and the Ethereum Foundation are supporting a new startup called Etherealize founded by a former bonds trader at Nomura Holdings Inc. and UBS Group AG, Vivek Raman.

This startup is focused on marketing Ethereum to financial institutions and making the network more accessible to banks. Through Etherealize, they hope to drive renewed interest and adoption of Ethereum within the traditional financial industry.

ETH Price Analysis 

After reaching a peak of $4,107 on Dec. 6 and retesting it later on 16, the price of ETH started a downtrend. This was the completion of the upward impulse dated from November and led to a retest of the high made in March. 

It dipped just below $3,000 on Jan 13, declining 28.50% and forming an ABC correction pattern. The structure took the form of a descending triangle whose support was pierced through on Jan 13, but it quickly snapped back above it. 

The 4h chart Relative Strength Index (RSI) remains neutral as the price proceeds to consolidate near the triangle’s apex. If the Jan. 13 low marked the end of the ABC correction, we are likely seeing a consolidation before an upward breakout. 

However further confirmation is needed as the retracement came to the 0.5 Fibonacci level and could easily proceed further down, testing the lower Fib levels. 

ETH Price Prediction 

Taking a closer look at the hourly chart we can see that there is a high chance a new uptrend began unfolding since Jan. 13 low. The price came up to retest the descending triangle’s resistance and was kept below it but maintained trading at a higher low on the current pullback above 0.5 Fib around $3,200.  

This could be viewed as a pivot point between scenarios as a breakout below it will signal a bearish outlook, while a bounce could lead to an upward breakout. Although the bullish projection appears more likely with the 1h chart RSI indicating oversold conditions, only after the price overcomes descending resistance can we start to anticipate higher values. 

In the case that it does, our next likely target will be at around $4,080 which is the 1.618 Fibonacci extension level.