- World Liberty Financial has bought several crypto tokens in exchange for $10 million worth USDC.
- This has caused an upward movement in tokens that the project purchased.
Our community is known for its spot-on rallies and ‘blink of an eye’ moments. The last few hours cocked one such moment, with a particular event triggering a price rally. Bitcoin has reclaimed its $100K mark, which also caused Ethereum to surpass $4000. Moreover, this rally was further intensified by Donald Trump’s DeFi project, which showed buy activity.
According to LookOnChain reports, World Liberty Financial has spent $10 million worth of USDC over the past day buying various crypto tokens. This included AAVE, ETH, Chainlink (LINK), and other minor tokens. World Liberty’s multi-sig wallet transactions show that the DeFi project is continuing its buying spree.
Moreover, etherscan data shows that World Liberty Financial bought 7,791 $LINK, 3 hours ago. Additionally, recently on Monday, the project’s first mainnet voting went live as per its X announcement. The voting was related to ETH and AAVE decisions.
However, World Liberty Financial has not offered any comments on its recent buying activity. The project saw high enthusiasm from the community, in October, during its launch. World Liberty Financial also has its very own token, WLFI.
How Did World Liberty Financial’s Buying Affect the Crypto Market?
The three major crypto tokens that World Liberty Financial purchased all showed further price increases in the past few hours. Ethereum, which the project bought, 2631 tokens has shown a sharp upward movement inching closer to the $4K mark. It depicts a 6.91% price increase over the past day.
Secondly, WorldLibertyFi has propelled AAVE to become the top gainer of the day with a significant 29.49% price increase. Additionally, $LINK also has recorded significant gains. Apart from these tokens, Trump’s DeFi project also purchased other cryptocurrencies such as Uniswap and USDT.
These price movements, previously initiated by the Bitcoin bull run have then been fueled by the project’s buying activity. Will the crypto market and these tokens, in particular, utilize the positive momentum to turn away from bearish movements, is a question that time will answer.
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