Trump's Company Pours $3 Million Into EOS – Is There A Big Strategy?
EOS surges after Trump-linked firm invests $3 million
Large cash flow from WLFI helps EOS break out
On May 16, EOS increased by more than 9% after World Liberty Financial (WLFI) - a company said to be linked to US President Donald Trump - poured nearly 3 million USD to buy 3.636 million EOS tokens , at an average price of about 0.824 USD/token .
Prior to this trade, EOS was hovering around $0.77 , but then bounced up to $0.86 , before correcting slightly to $0.85 .
The massive buying move amid a sideways crypto market has helped EOS become a rare bright spot.
Repositioning Strategy and $A Token Swap
The price surge coincides with EOS being in the process of rebranding to Vaulta , a new Web3 financial network.
Starting May 14, EOS will begin a 1:1 swap to a new token called $A , which is expected to be completed by the end of the month.
This restructuring, supported by Crypto.com – a strategic partner of Trump Media & Technology Group , shows an effort to reposition EOS in the decentralized finance (DeFi) sector .
Technical signals are positive, but caution is needed
According to Bitcoinsensus analysis , EOS is forming a positive technical pattern called a “falling expanding wedge” – a sign that often appears when the price is in an accumulation phase before a breakout.
The next price targets are set at $1.30 and $1.95 . However, analysts also warn that the bullish momentum is still heavily dependent on speculation and EOS has not been able to surpass the peak of $0.98 on May 10 .
If the $0.84 support level is not maintained , the bullish momentum could quickly reverse.