World Liberty Financial Purchases Millions in Cryptocurrencies Hours Before Trump’s Inauguration
DeFi Platform Linked to Trump Family Buys $23.5 Million in Wrapped Bitcoin, $29 Million in Ethereum
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform linked to the Trump family, purchased millions of dollars in cryptocurrencies just hours before Donald Trump’s inauguration ceremony.
Wallet Address Buys Over $23.5 Million in Wrapped Bitcoin, $29 Million in Ethereum
According to blockchain data from Arkham Intelligence, the protocol’s wallet address bought over $23.5 million of wrapped bitcoin (BTC), $29 million of Ethereum’s ETH, $4.4 million of AAVE, and $4.5 million of Tron’s TRX. The address also purchased $4.5 million of Ethena and $5.5 million of Chainlink’s LINK in over a dozen transactions through decentralized exchange CoW.
WLFI Token Sales Pick Up After Lackluster Launch
The transactions occurred as sales of the protocol’s governance token WLFI picked up over the past few days after a lackluster launch last October. Over 21.7 billion of tokens ($1.08 billion) have been sold as of Monday morning, over 85% of the total 25 billion supply.
World Liberty Financial Linked to Trump Family
World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi platform Dough Finance, which saw $2 million of crypto assets drained through a July exploit. Members of the Trump family, including Donald Trump, publicly championed the project on social media, with the former president being titled as “Chief Crypto Advocate.” Two of his sons, Eric Trump and Donald Trump Jr., are involved as “Web3 Ambassadors,” while his other son Barron Trump is listed as “DeFi Visionary.”
Conclusion
The sudden surge in token sales and cryptocurrency purchases by World Liberty Financial suggests a growing interest in the platform. As the DeFi space continues to evolve, it will be interesting to see how WLFI’s token performs and whether the Trump family’s involvement will attract more attention to the project.
FAQs
Q: What is World Liberty Financial?
A: World Liberty Financial is a decentralized finance (DeFi) platform linked to the Trump family.
Q: Who is behind World Liberty Financial?
A: World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi platform Dough Finance.
Q: What is the WLFI token?
A: The WLFI token is the governance token of World Liberty Financial, used for voting and decision-making within the platform.
Q: How much has been sold of the WLFI token?
A: Over 21.7 billion of tokens ($1.08 billion) have been sold as of Monday morning, over 85% of the total 25 billion supply.
Q: Is the Trump family involved with World Liberty Financial?
A: Yes, members of the Trump family, including Donald Trump, Eric Trump, and Donald Trump Jr., are involved with World Liberty Financial.