Trump-Backed WLFI Buys $12M in ETH, LINK, and AAVE, Total ETH Holdings Reach $56M

World Liberty Financial (WLFI), a decentralized finance project promoted by President-elect Donald Trump, has made significant purchases of Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) using USD Coin (USDC). On Dec. 12, the WLFI multisignature wallet recorded transactions worth $12 million, with the bulk spent on Ethereum.

Blockchain data from Etherscan shows WLFI acquired 2,631 ETH for $10 million at an average price of $3,801 per token. This purchase brought the project’s total Ethereum holdings to over 14,500 ETH, worth more than $56 million. Shortly after the transaction, Ethereum’s price surged 6.86% within 24 hours.

LINK, AAVE Rise After Trump Purchase

The project also invested $1 million each in Chainlink and Aave. WLFI bought 41,335 LINK tokens at $24.2 per unit, and 3,357 AAVE tokens at $297 per unit. Both tokens saw notable price increases following the purchases, with LINK rising over 20% and AAVE climbing more than 33% in a day.

This crypto buying spree follows a $30 million investment in WLFI by TRON founder Justin Sun , who has since joined the project as an advisor. Sun announced his support on social media , highlighting his belief in the U.S. becoming a hub for blockchain innovation under Trump’s leadership.

Launched in September, WLFI positions itself as a decentralized money market allowing users to borrow, lend, and earn interest on crypto assets. Despite scaling down its initial fundraising target, the project has raised over $55 million, boosted by high-profile endorsements and investments.