Trump's World Liberty buys $25 million of tokens, including Link, Tron, Aave and Ethena
Quick Take World Liberty has continued to diversify its assets beyond ether and stablecoins with its most recent purchases. The Tron purchase was not unexpected, given a recent partnership with Tron founder Justin Sun.
World Liberty, a crypto project affiliated with President-elect Donald Trump, has continued to diversify its treasury holdings away from stablecoins and into more speculative tokens.
The treasury swapped around $24.6 million of the stablecoin USDC for Ether (ETH), Wrapped Bitcoin (WBTC), Tron (TRX), Link (LINK), Aave (AAVE) and Ethena (ENA), according to blockchain data platform Arkham . It has purchased $4.7 million of each of the tokens except for Ethena, where it has only bought $2.3 million worth so far, according to block explorer Etherscan .
The treasury has been buying Ether on a constant basis over the last few months and currently owns 43,000 ETH with a current value of $143 million — its largest holding, even above stablecoins. It holds $96 million of the stablecoin Tether (USDT) and $56 million of the stablecoin USDC.
Beyond this, the project's treasury now holds roughly $6.5 million of Wrapped Bitcoin, Aave and Link, plus $4.6 million of Tron and $3 million of Ethena.
The project has not yet bought any of the official Trump memecoins, such as Donald Trump's Official Trump and Melania Trump's MELANIA .
In November, Tron founder Justin Sun bought $30 million of WLFI tokens and then was swiftly appointed as an advisor to the project. Sun is now also associated with Wrapped Bitcoin after his firm BiT Global recently became a key stakeholder in the project.
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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