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Donald Trump’s crypto project, World Liberty Financial, has been on a massive crypto buying spree in December — now nearing a total spend of $45 million after buying $250,000 of Ondo (ONDO). 
Since Nov. 30, a World Liberty wallet has purchased $30 million worth of Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) and $10 million worth of Coinbase Wrapped BTC (cbBTC) alongside a handful of other purchases, according to a Dec. 16 X <a data-ct-non-breakable="null" href="https://x.com/lookonchain/status/1868460418114744779" rel="null" target="null" text="null" title="null">post</a> from the blockchain monitoring account Lookonchain and <a data-ct-non-breakable="null" href="https://intel.arkm.com/explorer/entity/worldlibertyfi" rel="null" target="null" text="null" title="null">data</a> from Arkham Intelligence.
Lookonchain said World Liberty’s most recent buy at around 11 pm UTC on Dec. 15 was for $250,000 worth of Ondo (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ondo-price-index" rel="null" target="null" text="null" title="null">ONDO</a>), about a day after it bought $500,000 worth of Ethena (ENA).
It had previously purchased $2 million each of Chainlink (<a data-ct-non-breakable="null" href="https://cointelegraph.com/chainlink-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/chainlink-price-index">LINK</a>) and Aave (<a data-ct-non-breakable="null" href="https://cointelegraph.com/aave-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/aave-price-index">AAVE</a>), bringing its total token buys for this month to $44.75 million.
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 Source: <a data-ct-non-breakable="null" href="https://x.com/lookonchain/status/1868460418114744779" rel="null" target="null" text="null" title="https://x.com/lookonchain/status/1868460418114744779">Lookonchain</a>
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The project, unveiled in September, bills itself as a decentralized finance (<a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/defi-a-comprehensive-guide-to-decentralized-finance" rel="null" target="null" text="null" title="null">DeFi</a>) platform for trading crypto that lists president-elect <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/who-is-donald-trump" rel="null" target="null" text="null" title="null">Trump</a> as its “chief crypto advocate” and <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-blockchain-outpace-banking-eric-trump" rel="null" target="null" text="null" title="null">his sons</a> Donald Jr, Eric and Barron as “ambassadors.” A company linked to the family is entitled to 75% of net revenues.
Nansen research analyst Nicolai Søndergaard recently <a data-ct-non-breakable="null" href="https://www.bloomberg.com/news/articles/2024-12-13/trump-s-world-liberty-is-buying-niche-tokens-worth-millions-of-dollars" rel="null" target="null" text="null" title="null">told</a> Bloomberg that World Liberty’s token buys could be ”a way to gain additional trust or a way to boost the project by shedding light on these assets as the project will likely do well if these assets do.”
The project <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-world-liberty-financial-token-crash" rel="null" target="null" text="null" title="null">has struggled</a> to meet the goal for the sale of its self-titled World Liberty Financial (WLFI) token. So far, it’s sold less than a quarter of the $300 million WLFI it put up for sale.
It did, however, get a boost last month when Tron blockchain founder Justin Sun <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/justin-sun-invests-30-million-trump-world-liberty-financial" rel="null" target="null" text="null" title="null">bought $30 million worth</a> and became the project’s largest investor and was then later added as an adviser.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-bitcoin-us-reserve-asset-day-one-how-high-will-btc-price-go" rel="null" target="null" text="null" title="null">Trump may use Bitcoin as US reserve asset on 'day one' — How high will BTC price go?</a>&nbsp;
Sun and Tron <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/us-court-issues-summons-to-tron-s-justin-sun-threatens-default-judgment-if-no-response" rel="null" target="null" text="null" title="null">have been accused</a> of selling unregistered securities by the Securities and Exchange Commission — an agency Trump promised to overhaul to be more crypto-friendly.
Meanwhile, on Dec. 13, AaveDAO, the autonomous collective behind the DeFi protocol Aave, <a data-ct-non-breakable="null" href="https://snapshot.box/#/s:worldlibertyfinancial.com/proposal/0xce3ff6b195863c2217865ba6f028d2e163d9156a25cb35d923da3a5bc8479483" rel="null" target="null" text="null" title="null">passed</a> World Liberty’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-crypto-project-proposes-to-link-up-with-aave" rel="null" target="null" text="null" title="null">proposal to allow it</a> to deploy an Aave instance — its own version of the protocol.
World Liberty proposed allowing for the borrowing and lending of Ether, Wrapped Bitcoin (WBTC), and stablecoin’s USD Coin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/usdc-price-index" rel="null" target="null" text="null" title="null">USDC</a>) and Tether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/tether-price-index" rel="null" target="null" text="null" title="null">USDT</a>). It’d also give 20% of fees generated to AaveDAO and 7% of WLFI’s supply, worth $21 million, with its price at 1.5 cents.
World Liberty Financial did not immediately respond to a request for comment.
Web3 Gamer: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-gaming-tokens-memecoins-gamer-coaches-parallel-web3-gamer/" rel="null" target="null" text="null" title="null">How to pick a crypto gaming token winner this bull run</a>&nbsp;

Trump’s DeFi project’s December crypto buying spree nears $45M

Cointelegraph

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