On-chain data reveals that World Liberty Financial (WLF), a wallet linked to former President Donald Trump, has been actively purchasing Ethereum (ETH) tokens. Recent transactions show WLF acquiring approximately 6,145 ETH for $23 million at an average price of $3,743 per ETH. Earlier in the week, the wallet bought over 3,400 ETH for $13 million. These purchases have brought WLF's total Ethereum holdings to around 80,000 ETH. The buying activity coincides with what some observers refer to as the "utility season" in the cryptocurrency market. The wallet uses USDC stablecoins for these acquisitions, indicating a significant investment in Ethereum by the Trump-linked entity.