Ahead of Inauguration, Trump-Linked Crypto Platform Invests $100M+ in WBTC, ETH, and Other Assets.
Trump-Linked DeFi Platform WLFI Buys Millions in Crypto Hours Before Inauguration
World Liberty Financial (WLFI), a decentralized finance platform tied to Donald Trump and his family, executed a series of high-value cryptocurrency purchases on Monday, just hours before Trump’s inauguration ceremony.
According to blockchain data from Arkham Intelligence, WLFI’s wallet address acquired over $47 million in wrapped bitcoin (WBTC), $47 million in Ethereum (ETH), $4.4 million in AAVE, and $4.5 million in Tron (TRX). Additionally, the wallet purchased $4.5 million in Ethena’s ENA and $5.5 million in Chainlink (LINK) through more than a dozen transactions conducted on the decentralized exchange CoW Protocol.
WLFI Token Sales Surge
These cryptocurrency acquisitions coincided with a sharp increase in sales of WLFI’s governance token. Initially facing a lukewarm reception after its launch in October, the token has seen renewed interest in recent days. By Monday morning, over 21.7 billion WLFI tokens—worth $1.08 billion—had been sold, representing 85% of the total supply of 25 billion tokens, according to WLFI’s website.
Trump Family’s Role in WLFI
World Liberty Financial is led by Zachary Folkman and Chase Herro, who were previously involved in Dough Finance, a DeFi project that lost $2 million in a hack last July. The Trump family has been heavily involved in promoting WLFI, with Donald Trump serving as the platform’s “Chief Crypto Advocate.”
Eric Trump and Donald Trump Jr. hold roles as “Web3 Ambassadors,” while Barron Trump is described as WLFI’s “DeFi Visionary.” Their active involvement has drawn significant attention to the platform, especially among Trump supporters, boosting visibility and token demand.
Building Momentum Before Inauguration
The timing of WLFI’s large-scale crypto purchases suggests a strategic move to strengthen its market position ahead of Trump’s return to the White House. The acquisitions of high-profile assets like WBTC, ETH, and LINK indicate WLFI’s ambition to become a major player in the DeFi space.
With Trump’s inauguration bringing increased attention to WLFI, the platform’s next moves will be closely watched as it aims to establish itself in a highly competitive DeFi market.
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