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EOS (EOS) soared on Friday, May 16, as the President Trump-backed World Liberty Financial invested approximately $3 million in the cryptocurrency token. The digital asset’s May 15 value and press time price indicate that the acquisition may have strongly impacted EOS. On Thursday morning, the token was changing hands at $0.77, rose to $0.79 by midnight, and rallied to a Friday morning high of $0.86. In the night between Thursday and Friday, WLFI spent 2.996 million USDT to buy 3.636 million EOS. On-chain data reveals that the average purchase price was $0.824. WLFI’s EOS investment. Source: BscScan By press time on May 16, EOS had slightly corrected and was trading at $0.85 after a total 24-hour rally of 9.39%. EOS one-day price chart. Source: Finbold The investment in EOS enabled the token to enjoy a breakout when the whole cryptocurrency market was consolidating toward $3.27 trillion following a shallow correction it entered after hitting a total val...

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