Donald Trump’s World Liberty Financial Holding $50,000,000 Worth of DeFi Crypto Assets: Arkham

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Daily Hodl2024/12/15 16:00

By:by Alex Richardson

President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain data shows.

Blockchain intelligence platform Arkham reports that WLFI’s treasury acquired $50 million worth of different DeFi coins in preparation for its launch.

“UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS

The World Liberty Finance Treasury just acquired:

$35 million of ETH/WETH
$10 million of cbBTC
$1 million of LINK
$1 million of AAVE

Is Trump long DeFi?”

Donald Trump’s World Liberty Financial Holding $50,000,000 Worth of DeFi Crypto Assets: Arkham image 0

Source: Arkham/X

WLFI went live with its token sale in October.

The project originally said that 63% of all WLFI would be sold to the public, but according to its current whitepaper – or “goldpaper”– World Liberty Financial appears to have lowered that to 35%.

With World Liberty Financial yet to publicly launch, it’s still not 100% clear what services the platform will provide.

World Liberty Financial says it’s the “only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the stranglehold of traditional financial institutions and putting the power back where it belongs: in your hands.”

Data from Ethereum blockchain explorer Etherscan shows that the TRON DAO received 2 billion tokens from its investment in WLFI, making Tron ( TRX ) founder Justin Sun and the DAO the largest holders.

With the purchase, Sun also became an advisor to the project.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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