World Liberty Financial (WLFI), a leading financial services firm that is backed by President-elect Donald Trump has made significant investment on cryptocurrencies. The fund has purchased millions worth of Ethereum, Chainlink, and Aave enhancing the fund’s crypto position. These actions occur as WLFI plans to launch its product in secondary markets.
According to Lookonchain, on December 13, WLFI spent $1 million to buy 37,052 LINK tokens at an average price of $27. The fund also purchased 685 AAVE tokens for $246,700, paying $360 per token. These new purchases come as part of a broader investment strategy by WLFI.
On December 12, WLFI spent $10 million USDC to purchase 2,631 ETH at $3,801 per token. This brought the fund’s ETH holdings to over 14,500 ETH, valued at approximately $56 million. The acquisition caused Ethereum’s price to rise by 2.36% within an hour.
WLFI also bought 41,335 LINK tokens for $1 million USDC, paying an average of $24.2 per LINK. Following this transaction, LINK surged over 20% in a single day, reaching $26.72. Additionally, the fund acquired 3,357 AAVE tokens for $1 million USDC, averaging $297 per token. AAVE’s price rose by 30%, surpassing $357 within 24 hours of the purchase.
Since November 30, WLFI has invested heavily in digital assets. It spent $30 million USDC on 8,105 ETH at $3,701 each. It also acquired 103 Coinbase-backed cbBTC for $10 million USDC, paying an average of $97,181 per token. Moreover, WLFI allocated $2 million USDC for 78,387 LINK at $25.5 each and $1.25 million USDC for 4,043 AAVE at $308.4 each.
Trump’s World Liberty Financial Transfers $10M USDC for ETH
WLFI’s crypto spending spree follows a $30 million investment from Justin Sun, the founder of Tron (TRX). This funding made Sun the fund’s largest investor. WLFI has also raised $14 million to develop a US dollar-pegged stablecoin, which will be led by Paxos co-founder Rich Teo.
These acquisitions have had a significant market impact. Following WLFI’s purchases, LINK surged by 20% in one day, reaching $26.72 and trading around $29.5 at press time. AAVE’s price rose by 30% in the same period, surpassing $357 and trading around $377.60. Ethereum saw a 6.86% increase in 24 hours after the fund’s purchase, trading at $3,918 as of press time.
The actions of World Liberty Financial demonstrate the company’s dedication to the development of substantially more financial services and the modification of the future blockchain environment. The project is positioning itself as a leader in decentralized finance under Trump’s administration.
