- WLFI spent $44.75M on cryptocurrencies, including Ether, Wrapped Bitcoin, Ondo, and Ethena.
- Justin Sun invested $30M in WLFI, becoming its largest backer and boosting token sales.
- Trump’s pro-crypto stance and election win made Bitcoin past $105K.
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by Donald Trump and his family, has made an aggressive cryptocurrency purchase.
In December alone, the project spent $44.75 million acquiring various cryptocurrencies. Since November 30, WLFI has steadily increased its investments.
Major Investments by WLFI
According to blockchain monitoring platforms Lookonchain and Arkham Intelligence, WLFI’s purchases include $30 million Ether (ETH) and $10 million Coinbase Wrapped Bitcoin (cbBTC).
Additional investments include $250,000 in Ondo (ONDO) on December 15 and $500,000 in Ethena (ENA) on December 14. The project also acquired $2 million each of Chainlink (LINK) and Aave (AAVE). WLFI’s largest purchase occurred on December 12, when it spent $10 million on 2,631 ETH.
WLFI gained significant momentum when Tron founder Justin Sun invested $30 million, becoming its largest investor and advisor.
Before Sun’s involvement, the project had struggled to meet its $300 million token sale goal, selling only $20 million worth of its tokens. Following Sun’s investment, WLFI has raised $74.55 million by selling 4.97 billion tokens at $0.015 each.
WLFI’s Vision and Plans
Launched in September, WLFI aims to establish itself as a major player in DeFi by offering stablecoin payments, lending services, and liquidity pools.
However, the project has yet to provide detailed plans or use cases. Recently, WLFI proposed deploying its instance of the Aave protocol, allowing the borrowing and lending of cryptocurrencies like Ether, Wrapped Bitcoin, Tether (USDT), and USD Coin (USDC).
Donald Trump’s involvement in DeFi project marks a stark shift from his skepticism toward cryptocurrencies. He now promises to make the U.S. a “crypto capital” and advocates for pro-crypto regulations. His recent electoral win has boosted market confidence, with Bitcoin surging past $100,000 shortly after his victory.
Highlighted Crypto News Today
Ethereum Reclaims $4K as the Global Crypto Market Turns Green
