Donald Trump’s Crypto Firm Invested $3M in EOS
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EOS witnessed a sharp price rally of over 9% on May 16, after World Liberty Financial (WLFI), a firm linked to U.S. President Donald Trump, invested nearly $3 million in the token. The move brought renewed attention to EOS amid broader market consolidation, raising questions about the sustainability of the surge. At the same time, Trump-backed World Liberty Financial (WLFI) is brushing off U.S. lawmakers’ scrutiny, bringing attention to politically connected crypto projects.
$3M Purchase Sparks MomentumOn-chain data shows WLFI purchased approximately 3.636 million EOS tokens using 2.996 million USDT, at an average price of $0.824. The token was trading around $0.77 before the investment and reached a high of $0.86, later correcting slightly to $0.85. This price move marked a 24-hour gain of 9.39% and helped EOS break past key resistance levels between $0.80 and $0.84.
The timing of the investment allowed EOS to outperform while the overall crypto market was hovering near $3.27 trillion in market cap, following a mild correction from recent highs.
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