Trump-Linked DeFi Project World Liberty Financial Invests $100 Billion in Cryptocurrencies
World Liberty Financial (WLFI), a decentralized finance project tied to President Donald Trump, has made a significant investment in a basket of cryptocurrencies, with a total value of $100 billion, shortly before the inauguration.
Cryptocurrency Portfolio Includes Major Players
The Trump-linked DeFi platform has accumulated substantial amounts of major cryptocurrencies via WLFI. According to available data, WLFIβs on-chain address acquired approximately $47 million worth of Ethereum, $4.4 million in Aave coins, and $4.5 million of Justin Sunβs Tron.
Additional investments include $47 million in Wrapped Bitcoin (WBTC), $5.5 million in Chainlink, and $4.5 million in Ethena Labs tokens.
Trump Familyβs Role in World Liberty Financial
President Trumpβs sons, Eric Trump and Donald Trump Jr., are listed as βWeb3 Ambassadorsβ on WLFIβs official website. Meanwhile, President Trump himself is described as the projectβs βChief Crypto Advocate.β Barron Trump, the youngest Trump son, also features under the title of βDeFi Visionary.β
The WLFI team also includes DeFi veterans like Chase Herro and Zachary Folkman, who were previously part of Dough Finance, which was exploited for $2 million in cryptocurrencies last July.
WLFI Token Sales Gain Momentum
The investments into digital assets noted on January 20 coincided with WLFI token sales gaining momentum in the days leading up to Trumpβs inauguration in Washington. According to the platformβs website, WLFI has sold 85% of its 25 billion token supplyβabout 21.7 billion tokens worth over $1 billionβfollowing a slow start in October last year.
Some key points to note about WLFIβs investments and token sales:
- WLFI has invested $100 billion in a basket of cryptocurrencies.
- The platformβs on-chain address acquired significant amounts of major cryptocurrencies, including Ethereum, Aave, and Tron.
- WLFI token sales have gained momentum, with 85% of the 25 billion token supply sold.
- The Trump family is heavily involved in the project, with President Trump as the βChief Crypto Advocateβ and his sons as βWeb3 Ambassadors.β
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