World Liberty Financial (WLFI), a firm linked to former U.S. President Donald Trump, has injected nearly $3 million into the EOS token. This investment sparked a sharp 9% price rally and broke key resistance levels. The investment coincides with EOS’s rebranding into Vaulta, a Web3 banking network. As WLFI invest $3 million in $EOS, its upcoming token swap also fuels bullish sentiment in the market.
A Strategic $3 Million Investment
On-chain data reveals that WLFI purchased approximately 3.636 million EOS tokens using 2.996 million USDT, at an average price of $0.824 per token. Prior to the investment, EOS was trading around $0.77. The influx of capital pushed the price to a high of $0.86, before settling slightly lower at $0.85. This move marked a 9.39% gain within 24 hours. It allowed EOS to break through critical resistance levels between $0.80 and $0.84.
The timing of the investment allowed EOS to outperform while the overall crypto market was hovering near $3.27 trillion in market cap, following a mild correction from recent highs. This strategic buy not only boosted EOS’s price but also brought renewed attention to the token amid broader market consolidation.
EOS’s Rebrand to Vaulta: A Game-Changer?
The rally aligns with EOS’s ongoing rebrand into Vaulta, a Web3 banking network aimed at expanding decentralized finance (DeFi) services. As part of this transition, the EOS token will be swapped at a 1:1 ratio into a new token called $A by the end of May. The token swap began on May 14 and is supported by Crypto.com. This platform has been developing partnerships with entities like the Trump Media & Technology Group (DJT).
This rebranding effort signals EOS’s ambition to position itself as a key player in the DeFi infrastructure space. By pivoting to Vaulta, the project aims to attract institutional interest and foster broader adoption of its ecosystem.
Technical Analysis: Bullish Potential Ahead
According to analysts at Bitcoinsensus, EOS is forming a falling broadening wedge on the weekly chart—a pattern typically associated with bullish reversals. Since June 2022, the price has repeatedly dipped lower. However, it gathers more buyers due to weak momentum on each bounce.
With sentiment turning positive, the next key upside targets for EOS are $1.30 and $1.95. This is provided bullish momentum continues through 2025.
“If EOS can hold above the $0.84 mark and establish it as a support zone, the likelihood of a continued move toward $1 increases,” noted analysts.
However, caution is advised. Much of the recent surge appears to be driven by WLFI invest $3 million in $EOS. Without sustained market strength, gains could reverse quickly. Investors are closely watching whether the hype translates into lasting momentum.
Political Connections and Market Scrutiny
The investment by WLFI has drawn significant attention, particularly given its ties to Donald Trump. While the move has bolstered confidence in EOS, it has also invited scrutiny from U.S. lawmakers. They are increasingly focused on politically connected crypto projects.
Despite this, WLFI remains undeterred, brushing off regulatory concerns as it continues to make waves in the cryptocurrency space. The firm’s involvement highlights the growing intersection of politics and blockchain technology. It raises questions about the future of government oversight in the industry.
Is EOS Poised for Long-Term Growth?
The combination of WLFI’s investment, EOS’s rebrand to Vaulta, and the upcoming token swap has created a perfect storm of optimism for the token. However, analysts warn that much depends on broader market conditions. The ability of EOS to maintain its newfound support levels is critical.
If EOS can sustain its momentum and capitalize on the rebrand, it could emerge as a formidable contender in the DeFi landscape. For now, all eyes are on whether the project can deliver on its ambitious goals. EOS must justify the recent surge in investor confidence.
