World Liberty Financial Buys 3.64 Million EOS Tokens, Price Surges 8.7%

World Liberty Financial, a crypto investment fund associated with Donald Trump, has made a significant move by purchasing 3.64 million EOS tokens for $3 million USDT. This transaction, executed on PancakeSwap, secured the tokens at an average price of $0.824 per token. The purchase was first reported by blockchain analysis platform Lookonchain.

Following the acquisition, EOS experienced an 8.7% price surge over the past 24 hours. At the time of the report, the token was trading within a range of $0.7653 to $0.8601. Despite this recent uptick, EOS has seen a 2.3% decline over the past week. Over longer timeframes, EOS has shown mixed performance, rising 37.7% over the past month but only 3.4% over the past year. The token remains 96.3% below its all-time high of $22.71, reached on April 29, 2018. However, EOS has doubled from its recent low of $0.4027 recorded in November 2024, indicating a 109.1% recovery over the past six months.

This recovery from the November low suggests a possible reversal of trend for EOS, which has been in a long downtrend since its 2018 peak. The buyout by World Liberty Financial could further accelerate this recovery if it signals renewed institutional interest in the asset. In addition to the EOS purchase, World Liberty Financial has built a diversified portfolio of cryptocurrencies with a current value of $106,950,402. The fund holds positions in several top cryptocurrencies and stablecoins, including 162.69 WBTC (wrapped Bitcoin) valued at approximately $26.8 million, 22.374 million USDC valued at $22.37 million, and 7,933 ETH valued at approximately $20.6 million. The fund also has holdings in staked Ethereum (stETH), TRON (TRX), and other stablecoins.

The EOS buy reflects World Liberty’s diversification strategy, indicating interest in lower market cap layer-1 blockchain alternatives with higher growth potential. For EOS, which has struggled to remain relevant following its early 2018 peak, institutional attention from prominent investment funds could signal a revival for the blockchain. This move by World Liberty Financial suggests a shift toward high-growth layer-1 blockchains, potentially positioning EOS for a comeback in the competitive crypto landscape.