- Trump’s 50% EU tariff threat fueled sharp crypto moves, with WLD jumping 35% on funding.
- Jupiter gained 15% on network updates, while EOS slipped after a disputed $3M token purchase.
Donald Trump‘s threat to institute a 50% tariff on goods from the European Union beginning June 1 has sparked renewed interest in a basket of United States-based developed cryptocurrencies. Worldcoin (WLD), among others like Jupiter (JUP) and EOS, have all seen quick responses from the markets.
Worldcoin has much attention following a solid 35% week-long increase, which has seen it touch a three-month peak, according to TradingView. The price surge came after a $135 million token buy-in from a16z and Bain Capital Crypto that massively boosted its market cap. Unlike a venture investment, however, the buy-in came in the form of a direct token purchase.
The capital injection arrived as Worldcoin is seeking to expand its U.S. biometric identity system after its push for expansion across Africa and Europe has been met with rejection from authorities. With liquidity in the circulation, analysts now anticipate WLD pushing up against a $1.75 ceiling. A move beyond that has the potential to push the token above $2.
JUP Holds Firm As Wider Market Sinks
Jupiter has moved along a different trajectory, gaining close to 15% in the last week while much of the crypto space trends downward. The climb follows a succession of events within the network at Jupiter. Among these is a new mobile app, a collaboration agreement entered into with Moonpay, and the rollout of Jupiter Lend.
Bearing in mind the good momentum, Jupiter has not overcome its crucial $0.63 resistance level yet. If it could close above this level and sustain, a move to $0.85 would be feasible. A stronger view has JUP making its way to $1, a level not seen since February.
But if momentum weakens, the coin could slip as low as $0.51. A breach below there could lead to a descent toward $0.45. Increased losses could pave the way for a decline as low as $0.30, making present price levels crucial for bulls seeking to hold off pressure from above.
EOS Falls Back as Controversial $3M Purchase Stirs Debate
The weakest performer has been EOS among the three. The coin is down 8.50% for the past seven days. The decline follows a small spike when World Liberty Financial’s $3 million buyout of EOS tokens came in. That sparked concerns, particularly after WLFI lost $125 million in ETH sales at a three-month low.
Critics were quick to propose market manipulation, but up until now, nobody has produced any evidence in support of these claims. EOS rallied 9% following the buy, but such strength did not hold. It did not break $0.80 resistance and has retraced instead.
If selling persists, EOS could test $0.73, and a breakdown could push the coin down to $0.65. A reverse would have to bring price back up above $0.79, which would leave $0.87 and $0.97 in play again, though such a bounce would certainly need solid support from the overall market.
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