PiCK
'Trump Winds' Boost Ethereum, Positive Outlook Emerges…"Overvaluation Controversy Disappears"
Uk Jin
- Ethereum is receiving a positive outlook as it is linked to Donald Trump's election.
- Andrew Kang stated that Ethereum has now regained a positive perception as the overvaluation controversy has disappeared.
- Ethereum's price has risen due to World Liberty Financial's accumulation news and positive outlook.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A positive outlook has emerged for the leading altcoin Ethereum (ETH), linked to Donald Trump's election.
On the 12th, Andrew Kang, co-founder of Mechanism Capital, stated on X (Twitter), "Previously, I thought Ethereum was overvalued due to the launch of a spot ETF, but now my view on Ethereum has turned positive."
Specifically, he mentioned, "The reason is that World Liberty Financial (WLFI), supported by the Trump family, is accumulating Ethereum, and pro-crypto figures are being appointed to the SEC and CFTC."
Earlier, around 11 a.m. that day, on-chain data analysis firm Lookonchain shared data, announcing, "World Liberty Financial has started accumulating Ethereum."
Following this news, buying pressure surged for Ethereum. As of 3 p.m. that day, Ethereum is trading at $3,929, up 7.53% from the previous day.
Image=Lookonchain X Capture
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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