Trump-Backed WLF Holds $390M in Crypto, Ethereum Leads with $181M Stake

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Ethereum Whales Hit Record Control, Owning 57% of ETH as Small Investors Fall Behind

  • Trump-backed WLF leads with $390M in crypto, holding 55,833 ETH worth $181M, fueling Ethereum’s prominence.
  • Strategic crypto policies aim for Bitcoin stockpile, stablecoin adoption, and revamped regulations in six months.
  • Ethereum hovers at $3,095, with key resistance at $3,527 and a target near $4,112, suggesting recovery potential.

President Trump-backed World Liberty Financial (WLF) now holds over $390 million in cryptocurrency assets. Its largest holding is Ethereum, with 55,833 ETH valued at $181.05 million, based on data from Arkham Intelligence. Alongside accumulating crypto assets, President Trump has been advancing legislation to support digital assets and reverse prior regulatory constraints.

Source: X

Strategic Crypto Stockpile and Legislative Shifts

Recently, Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.” This directive prioritizes the “responsible growth” of digital assets while opposing central bank digital currencies (CBDCs). The administration’s strategy includes building a national Bitcoin and crypto stockpile and fostering stablecoin adoption.

Additionally, the order dismantles previous digital asset policies under President Biden. A new working group has been tasked with creating clear regulatory frameworks for cryptocurrencies within six months. These actions align with Trump’s focus on reshaping the U.S. financial landscape to accommodate blockchain technology.

Ethereum’s Critical Levels and Market Dynamics

Ethereum’s price action presents pivotal levels for traders. CredibleCrypto highlights key zones in the 4-hour timeframe. The market currently trades around $3,095.10, aligning with the 100% Fibonacci retracement at $3,095.15.

Source: CrediBull Crypto

A green support zone near this level indicates a potential rebound area. Resistance levels include $3,185.00, $3,527.51, and $3,749.50. Significantly, the primary target stands near $4,112.50, while the prior all-time high is $4,879.08.

Prospects for Recovery

Ethereum’s price recently retraced after hitting resistance near $3,800 and $3,527.51. The outlined recovery scenario suggests possible upward momentum from the support zone. Historical price movements reveal a peak-and-trough structure, reflecting notable volatility.

Besides these key levels, psychological barriers like $3,000 and $4,000 heavily influence market behavior. Consequently, traders are monitoring these zones for potential accumulation and upward trends.

The post Trump-Backed WLF Holds $390M in Crypto, Ethereum Leads with $181M Stake appeared first on Cryptonewsland.

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