EOS price jumps as Trump-linked World Liberty Financial buys $3M in tokens

Trump-linked DeFi project World Liberty Financial has resumed its crypto purchases as the altcoin season narrative reemerges following the latest broad-based rallies. Blockchain data shows World Liberty Financial has bought 3.64 million EOS coins, worth $3 million USDT, on the BNB Chain. The purchase, executed at $0.824 per coin, saw EOS extending its latest gains even as the overall market cooled after the recent rally. Lookonchain @lookonchain · Follow Trump’s World Liberty( @worldlibertyfi ) just spent 3M $USDT to buy 3.64M $EOS at $0.824. debank.com/profile/0xa713… 8:28 AM · May 16, 2025 274 Reply Copy link Read 46 replies While Bitcoin consolidated around $103,700 with a slight 1.80% uptick in the past 24 hours, EOS displayed a green daily chart. It rallied from the low of $0.769 and stretched to an intraday peak of $0.8643 after World Liberty Financial’s purchase. The massive accumulation comes as EOS sees increased traction following its rebrand to Vaulta . It upgraded its infrastructure to position itself to dominate web3 banking. Meanwhile, the connection with political entities magnifies EOS’ institutional appeal. WLFI’s big bet on EOS The DeFi project completed the transaction on the BNB Chain, swapping $3 million USDT for approximately 3.64 million EOS coins. The significant purchases raised eyebrows within the crypto community. While World Liberty Financial had previously purchased other altcoins, EOS has been under the radar for a while, compared to old altcoins like Solana, Avalanche, and Ethereum. Furthermore, the data indicates a single block execution, confirming it was a well-coordinated and planned accumulation. The substantial purchase underscored the project’s confidence in EOS, which offers lucrative upside potential for investors hunting hidden gems in the crypto industry. Furthermore, the move might reflect a broader play to support blockchain technologies designed for free-market principles. Despite being under the radar, EOS has upgraded its smart contract infrastructure and consensus algorithm. Such developments have likely renewed investor and developer interest in the blockchain. EOS price outlook The altcoin remained elevated amid WLFI’s purchase. EOS hovers at $0.8498 after retracing from its daily high. Meanwhile, it trades 10% up on its daily chart, with the soaring 24-hour trading volume signaling strengthening momentum. Chart by Coinmarketcap Stability between $0.82 and $0.84 could support short-term uptrends for EOS. That could trigger gains towards the key resistance around the $0.99 mark, translating to an over 16% surge from the current price. Amplified bullish strength could trigger breakouts past the coveted $1 to explore mid-January highs of $1.045. However, losing the $0.82 footing amid possible profit-taking would catalyze selling activities. EOS bears will target the nearest support barrier at $0.77, beneath which EOS would plummet to the May 7 low of $0.689. Meanwhile, broad market sentiments might shape EOS’ trajectory. Bitcoin consolidates at $103K after topping $105K early this week. The ongoing profit booking could postpone BTC’s upside, potentially initiating pullbacks toward the $100K psychological mark. Analyst Ali Martinez highlighted that large-scale Bitcoin investors have sold more than 30,000 tokens within the past three days. Ali @ali_charts · Follow #Bitcoin whales have booked profits, selling over 30,000 $BTC in the last 72 hours! 10:24 AM · May 16, 2025 149 Reply Copy link Read 24 replies Whale dumps after substantial rallies suggest potential retracements. Such developments could limit EOS’s ongoing recovery. The post EOS price jumps as Trump-linked World Liberty Financial buys $3M in tokens appeared first on Invezz

Source: Invezz