Trump-Linked Wallet Swaps $6M in USDT for Vaulta (EOS) Amid Strategic Rebranding

A blockchain wallet tied to former President Donald Trump’s World Liberty Foundation has made significant moves in the crypto market, swapping $6 million worth of USDT for the newly rebranded Vaulta (formerly EOS). The transactions, executed via decentralized exchanges PancakeSwap and 1DEX, highlight strategic positioning in the evolving blockchain ecosystem.

Trump-Linked Wallet Executes $6M Token Swap Amid Vaulta Rebranding

A blockchain wallet associated with former President Donald Trump’s World Liberty Foundation has executed $6 million in token purchases across multiple blockchain ecosystems. The transactions, tracked on May 16, involved coordinated buys of EOS (now rebranded as Vaulta) and Tether USD (USDT) through decentralized exchanges PancakeSwap and 1DEX.

Lookonchain data reveals the address spent 3 million USDT on PancakeSwap, with additional activity suggesting cross-chain bridge operations. Labels like EVMAgent and Evm2Native point to programmatic execution, while ethereum wallet 0x40…c178 shows batch transfers of Vaulta tokens alongside significant USDT treasury movements.

Stablecoin Market Hits $246.5B as USDT and USDC Cement Dominance

The stablecoin market capitalization has surged to $246.5 billion, with Tether (USDT) and USD Coin (USDC) collectively commanding over 85% of the sector. This growth underscores their pivotal role in crypto trading liquidity and DeFi ecosystems.

Despite smaller market shares, DAI and Ethena’s USDe demonstrate robust trading activity. Emerging contenders like USDO and USDY signal a diversifying landscape, though the market remains heavily concentrated among top players.

Stablecoins now represent 7.46% of total cryptocurrency market value, according to Phoenix Group’s May 2025 data. The sector’s expansion reflects deepening integration of dollar-pegged assets across blockchain applications.

Ethereum Whales Accumulate Amid Price Drop, Signaling Strategic Repositioning

Ethereum fell 3.73% to $2,492, retreating from a rejection NEAR the $2,800 resistance level. Despite the price drop, whale wallets holding 10K–100K ETH increased their holdings to 16.793 million ETH, while exchange netflows showed sharp outflows totaling $540 million.

The market witnessed a simultaneous $398 million USDT inflow, suggesting large investors are aggressively repositioning. Short-term traders appear to be exiting with losses, while on-chain data reveals strategic accumulation by whales. This divergence creates uncertainty around ETH’s next MOVE as key technical levels come into play.