Confidence in Ethereum is rising following reports that U.S. President Donald Trump is quietly buying into the cryptocurrency.
The Ethereum price was last just above $3,300, within recent ranges as the broader market failed to catch a substantial bid after Trump failed to mention the crypto in his inaugural address.
Reports Suggest Trump-Linked Crypto Project Buys $57 Million in Ethereum in 24 Hours
Behind the scenes, the Trump-linked crypto project World Liberty Financial has reportedly been quietly accumulating Ethereum at a stunning rate. According to reports on X citing on-chain data, the project has purchased over $57 million worth in the past 24 hours.
https://x.com/MerlijnTrader/status/1881325814186123664
While other cryptocurrencies like Bitcoin and Solana have reached fresh record highs, Ethereum has shown signs of forming a descending wedge pattern, often interpreted as a potential bullish breakout signal by traders.
https://x.com/Trader1PA/status/1881316244218896721
While Trump and his First Lady Melania did just launch meme coins on Solana, Ethereum is set to benefit from a major narrative of being a “Trump coin” in 2025, thanks to the President’s investments.
A quick 50% to $5,000 is very likely in the coming months, especially if Trump lives up to his pledges to prioritize crypto during his administration and set up a Bitcoin strategic reserve.
However, meme coins are likely to do even better, with Trump giving the sector a major greenlight following his (and Melania’s) token launch over the weekend.
TRUMP Coin Bearish, Wall Street Pepe is a Better Bet
With the TRUMP meme coin forming a bearish descending triangle pattern, which could signal near-term losses, and an already bloated market cap, meme coin traders might find better opportunities elsewhere.
The traders who made the biggest gains on Trump were those who got in early, so traders looking for 10x or more upside would do well to look for high-potential meme coins that are likely to, but yet to go viral.
One coin that analysts are very bullish on is an exciting new Pepe the frog-themed ERC-20 token called Wall Street Pepe ($WEPE). Despite launching only a few weeks ago, eager investors have already plowed over $53.5 million in funds into the $WEPE presale.
50M raised. 30 days until presale ends.
Wepe is ready for the moon. 🐸⚔️ pic.twitter.com/9aO2Hv3CA7
— Wall Street Pepe (@WEPEToken) January 17, 2025
And those inflows are likely to accelerate, with demand for meme coins likely to sour in wake of Trump’s token launch.
Wall Street Pepe seeks to support small traders by offering exclusive trading signals, market insights, and strategies, striving to level the playing field against larger market players or “whales” who typically have access to such resources.
Holders of $WEPE will gain access to a VIP group called the “WEPE Army,” where they can share trading ideas, strategies, and participate in weekly trading competitions with rewards in $WEPE tokens.
Additionally, staking mechanisms are available, enabling holders to earn passive income with APYs of up to 24%.
Expect 2025 to be a record year for new billion-dollar meme coins to spring up. And with such strong momentum and such a unique value proposition, it’s very likely Wall Street Pepe could be among them.
$WEPE has already passed major audits, and can be easily purchased with card or crypto. For timely project updates, follow the project’s official X page and Telegram channel.
Visit Wall Street Pepe Presale
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