Trump-Backed World Liberty Likely Scooped Up $3.5 Million In Ethereum — Here’s What On-Chain Data Shows

An address believed to be linked to World Liberty Financial, a cryptocurrency project backed by President Donald Trump, scooped up millions worth of Ethereum (CRYPTO: ETH) following the coin’s meteoric jump on Thursday.

What happened: On-chain tracker Lookonchain said in an X post that the wallet bought 1,587 Aave Ethereum WETH (aEthWETH), worth $3.5 million, in a series of transactions

The token represents a one-to-one equivalent of ETH on the Ethereum blockchain and is used by Aave for lending and borrowing within its decentralized finance platform.

World …

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