Trump-Linked Firm’s $3M EOS Investment Triggers 9% Price Surge
EOS spiked 9% on May 16 after World Liberty Financial (WLFI), a company connected to former U.S. President Donald Trump, purchased $3 million worth of the token. The acquisition of 3.636 million EOS at $0.824 each drove the cryptocurrency from $0.77 to a peak of $0.86 before a minor pullback.
This development underscores increasing institutional interest in politically adjacent crypto projects, even as regulatory scrutiny grows. WLFI’s on-chain transaction, conducted via USDT, illustrates how large-scale buys can temporarily disrupt market consolidation patterns.