Donald Trump’s World Liberty Financial (WLFI) has added more crypto assets to its investment portfolio. They did a new acquisition of Ondo Finance (ONDO) tokens. On the 15th of December, WLFI exchanged 250,000 USDC for 134,216 ONDO crypto through the CoW protocol. They paid an average of $1.86 per token.
The transaction, which occurred at 22:51 (UTC), signals WLFI’s ongoing strategy to accumulate digital assets as part of its decentralized finance (DeFi) operations.
This turned out to be a profitable investment because within the first day of the purchase ONDO price soared. The investment brought in a $10,000 profit. This is in line with the previous series of crypto investments that WLFI has been making in a bid to diversify its portfolio of digital assets. It is in preparation for its future financial services.
Additionally, AaveDAO’s approval for World Liberty Financial’s (WLFI) proposal marked a major milestone for the decentralized finance (DeFi) project. The approved proposal will allow WLFI to deploy a customized Aave v3 instance on Ethereum’s mainnet.
The platform will initially support major digital assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), and stablecoins like USDC and USDT. It’ll enable lending and borrowing activities.
This custom-built instance will integrate Aave’s infrastructure while introducing a tailored risk management model to govern asset liquidity.
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ONDO Crypto Surges 11% to $2.03 Following WLFI Purchase
This led to an 11.86% price surge of ONDO crypto within 24 hours. ONDO crypto was trading at $2.03 post the transaction. Market capitalization hit $2.82 billion amid the trading volume increase by 127% to $574.56 million. At the time of writing, ONDO has 1.38 billion tokens in circulation with a fully diluted market cap of $20.3 billion.
The rally in ONDO’s price can be attributed to increased investors’ interest and enhanced liquidity in the market.
The trading volume has significantly risen showing that traders and investors have returned and are further driven by WLFI’s participation. The token rose from the initial price of $1.81 to a high of above $2.10 before leveling off around $2.03.
WLFI Holdings Reach Nearly $45 Million Across Five Altcoins and cbBTC
WLFI has added many cryptocurrencies to its portfolio since it started its crypto buying in late November. The latest addition to the ONDO portfolio is a list of assets that already includes Ethereum (ETH), Chainlink (LINK), Aave (AAVE), Etherna (ENA), and Coinbase Wrapped Bitcoin (cbBTC). Based on on-chain data, the current value of the assets held by WLFI is approximately $45 million.
Previous trades include $30 million for 8,105 ETH at $3,701 per token, $10 million for 103 cbBTC at $97,181 per, $2 million for 78,387 LINK at $25.5 and $2 million for 6,137 AAVE at $326 per coin. The increasing crypto stash of WLFI shows that the company is making moves to position itself well in the digital asset market.
WLFI Prepares for DeFi Operations Amid Growing Crypto Investments
The recent cryptocurrencies acquired by World Liberty Financial fit perfectly within the organization’s goals of revolutionizing the world with decentralized finance solutions. WLFI seeks to extend better borrowing and lending services by using its crypto assets to provide better financial products.
Nevertheless, WLFI still has a long way to go towards its $300 million target and has only managed to secure $44.7 million. TRON founder Justin Sun contributed $30 million to the protocol in November as part of its fundraising campaign.
Analysts are expecting more activity from WLFI’s multi-signature wallet in the near future. As more niche assets to be added to its portfolio in the coming weeks. More of such acquisitions could affect token prices as has been witnessed with ONDO in the recent past.
