ConsenSys CEO Joseph Lubin recently suggested that US President Donald Trump’s family may “construct a number of giant businesses” on Ethereum (ETH). Responding to an X thread about Trump’s recent ETH purchases, Lubin stated that the Trump Administration is exploring ways the US could support Ethereum.
Trump Family To Start Businesses On Ethereum?
After a comparatively subdued price performance and limited public attention in 2024, ETH could also be set for a resurgence in 2025. In a post on X, crypto expert DCinvestor highlighted that Trump-backed decentralized finance (DeFi) enterprise World Liberty Financial has significantly increased its ETH holdings.
Data from Etherscan reveals that World Liberty Financial’s wallet currently holds 55,719 ETH, valued at over $183 million on the time of writing. Lubin’s recent comments hint at a deeper involvement by the Trump family within the cryptocurrency industry. He said:
The Trump Administration will do what is sweet for the USA and that can involve ETH, considerations of how the USA can support Ethereum — essentially the most capable and largest decentralized protocol ecosystem for the good thing about the USA, and maybe eventually use Ethereum technology in government activities just as they currently use the web and web protocols.
Lubin further noted that, along with Ethereum, the Trump family might engage with other blockchain ecosystems, comparable to Bitcoin and Solana. The recent launch of the official Trump meme token on Solana appears to validate this statement.
Besides ETH, the World Liberty Financial wallet holds other tokens comparable to Aave (AAVE) and Chainlink (LINK). The DeFi project is anticipated to turn out to be operational soon.
Analysts Eye ETH Rally Soon
As Ethereum continues to trade within the low $3,000 range, crypto analysts have gotten increasingly confident of an imminent rally for the the second-largest digital asset by market cap.
Seasoned crypto trader Michael van de Poppe highlighted World Liberty Financial’s growing ETH exposure as a bullish signal for the cryptocurrency. Poppe added that 2025 could mark a turning point for Ethereum’s performance.
From a technical perspective, crypto analyst Jelle shared a weekly ETH chart illustrating a bullish inverse head-and-shoulders pattern in formation, together with an enormous ascending triangle that Ethereum may soon break out of.
Similarly, crypto analyst TraderSZ shared the next ETH day by day chart, showing a bullish descending triangle pattern. The analyst stays long-term bullish on ETH, projecting targets as high as $10,000.
Nevertheless, Ethereum’s prolonged underperformance has begun to dent the arrogance of some whales. At press time, ETH trades at $3,278, down 1% prior to now 24 hours.
Featured Image from Unsplash.com, Charts from X and TradingView.com