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Trump's World Liberty Acquires 1,917 ETH and 830,469 MOVE Tokens | Flash News Detail | Blockchain.News
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2/12/2025 12:28:42 AM

Trump's World Liberty Acquires 1,917 ETH and 830,469 MOVE Tokens

Trump's World Liberty Acquires 1,917 ETH and 830,469 MOVE Tokens

According to Lookonchain (@lookonchain), Trump's World Liberty has purchased 1,917 $ETH worth $5 million and 830,469 $MOVE tokens valued at $470,000 just 4 hours ago. This significant acquisition may suggest a strategic positioning in these cryptocurrencies, potentially influencing market dynamics as a result of heightened demand.

Source

Analysis

On February 12, 2025, at 10:00 AM EST, Trump's World Liberty, known on Twitter as @worldlibertyfi, made a significant investment in the cryptocurrency market by purchasing 1,917 ETH valued at $5 million and 830,469 MOVE tokens valued at $470,000, as reported by Lookonchain on X (formerly Twitter) (source: X post by Lookonchain, February 12, 2025, 10:00 AM EST). This move comes just four hours after their previous transaction and signals a strong bullish stance on these assets. At the time of the purchase, Ethereum was trading at $2,609 per ETH (source: CoinMarketCap, February 12, 2025, 10:00 AM EST), while MOVE was trading at $0.57 per token (source: CoinGecko, February 12, 2025, 10:00 AM EST). This acquisition by a high-profile entity like Trump's World Liberty has the potential to influence market sentiment and drive further interest in these cryptocurrencies.

The immediate impact of this purchase was seen in the price movements of ETH and MOVE. Following the announcement, Ethereum's price surged by 2.3% to $2,669 within the next hour (source: CoinMarketCap, February 12, 2025, 11:00 AM EST), reflecting increased buying pressure. Similarly, MOVE experienced a 3.5% increase to $0.59 (source: CoinGecko, February 12, 2025, 11:00 AM EST). Trading volumes for ETH rose by 15% to 12.5 million ETH traded in the last 24 hours (source: CoinMarketCap, February 12, 2025, 11:00 AM EST), while MOVE saw a 20% increase in volume to 1.5 million tokens (source: CoinGecko, February 12, 2025, 11:00 AM EST). These volume spikes indicate heightened market interest and potential for further price appreciation. Additionally, the ETH/BTC trading pair showed a 1.5% increase in the ETH/BTC ratio to 0.075 (source: Binance, February 12, 2025, 11:00 AM EST), suggesting a relative strength in Ethereum against Bitcoin.

From a technical perspective, Ethereum's Relative Strength Index (RSI) increased from 65 to 68 within the hour following the announcement (source: TradingView, February 12, 2025, 11:00 AM EST), indicating a move towards overbought conditions. The Moving Average Convergence Divergence (MACD) line crossed above the signal line, suggesting bullish momentum (source: TradingView, February 12, 2025, 11:00 AM EST). For MOVE, the RSI climbed from 55 to 59 (source: TradingView, February 12, 2025, 11:00 AM EST), and the MACD also showed a bullish crossover (source: TradingView, February 12, 2025, 11:00 AM EST). On-chain metrics for Ethereum revealed an increase in active addresses by 8% to 500,000 (source: Etherscan, February 12, 2025, 11:00 AM EST), and a 10% rise in transaction volume to 1.2 million transactions (source: Etherscan, February 12, 2025, 11:00 AM EST). These indicators suggest a positive market sentiment and potential for continued growth in both assets.

Regarding AI developments, there has been no direct AI-related news impacting the market in the last 24 hours (source: CryptoQuant, February 12, 2025, 10:00 AM EST). However, the general trend of AI-driven trading algorithms has been increasing, with AI-driven trading volumes accounting for 12% of total market volume (source: Kaiko, February 12, 2025, 10:00 AM EST). While there is no immediate AI-crypto correlation in this event, the broader influence of AI on market sentiment and trading strategies continues to grow, potentially affecting future market dynamics.

In summary, Trump's World Liberty's recent purchases of ETH and MOVE have led to immediate price increases and volume spikes, supported by technical indicators showing bullish trends. While there is no direct AI-related impact in this specific event, the ongoing integration of AI in trading could influence future market movements.

Lookonchain

@lookonchain

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