Donald Trump

World

Liberty

<ul class="wp-block-list"> 
 <li>WLFI spent $44.75M on cryptocurrencies, including Ether, Wrapped Bitcoin, Ondo, and Ethena.</li> 
 <li>Justin Sun invested $30M in WLFI, becoming its largest backer and boosting token sales.</li> 
 <li>Trump’s pro-crypto stance and election win made Bitcoin past $105K.</li> 
</ul> 
<p>World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by Donald Trump and his family, has made an aggressive cryptocurrency purchase. </p> 
<p>In December alone, the project spent $44.75 million acquiring various cryptocurrencies. Since November 30, WLFI has steadily increased its investments.</p> 
<h3 class="wp-block-heading" id="h-major-investments-by-wlfi">Major Investments by WLFI</h3> 
<p>According to blockchain monitoring platforms <a href="https://x.com/lookonchain/status/1868460418114744779" target="_blank" rel="noreferrer noopener nofollow">Lookonchain</a> and <a href="https://intel.arkm.com/explorer/entity/worldlibertyfi" target="_blank" rel="noreferrer noopener nofollow">Arkham Intelligence,</a> WLFI’s purchases include $30 million Ether (ETH) and $10 million Coinbase Wrapped Bitcoin (cbBTC). </p> 
<p>Additional investments include $250,000 in Ondo (ONDO) on December 15 and $500,000 in Ethena (ENA) on December 14. The project also acquired $2 million each of Chainlink (LINK) and Aave (AAVE). WLFI’s largest purchase occurred on December 12, when it spent $10 million on 2,631 ETH.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="397" src="https://thenewscrypto.com/wp-content/uploads/2024/12/Screenshot-2024-12-16-141720-1024x397.png" alt="" class="wp-image-118081" srcset="https://thenewscrypto.com/wp-content/uploads/2024/12/Screenshot-2024-12-16-141720-1024x397.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/12/Screenshot-2024-12-16-141720-300x116.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/12/Screenshot-2024-12-16-141720-768x298.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/12/Screenshot-2024-12-16-141720-1536x596.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/12/Screenshot-2024-12-16-141720.png 1909w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure> 
<p>WLFI gained significant momentum when Tron founder Justin Sun invested $30 million, becoming its largest investor and advisor. </p> 
<p>Before Sun’s involvement, the project had struggled to meet its $300 million token sale goal, selling only $20 million worth of its tokens. Following <a href="https://thenewscrypto.com/justin-sun-becomes-largest-investor-in-trumps-crypto-venture/" target="_blank" rel="noreferrer noopener">Sun’s investment,</a> WLFI has raised $74.55 million by selling 4.97 billion tokens at $0.015 each.</p> 
<h3 class="wp-block-heading" id="h-wlfi-s-vision-and-plans">WLFI’s Vision and Plans</h3> 
<p>Launched in September, WLFI aims to establish itself as a major player in DeFi by offering stablecoin payments, lending services, and liquidity pools. </p> 
<p>However, the project has yet to provide detailed plans or use cases. Recently, WLFI proposed deploying its instance of the Aave protocol, allowing the borrowing and lending of cryptocurrencies like Ether, Wrapped Bitcoin, Tether (USDT), and USD Coin (USDC).</p> 
<p>Donald Trump’s involvement in DeFi project marks a stark shift from his skepticism toward cryptocurrencies. He now promises to make the U.S. a <em>“crypto capital”</em> and advocates for pro-crypto regulations. His recent electoral win has boosted market confidence, with Bitcoin surging past $100,000 shortly after his victory.</p> 
<h3 class="wp-block-heading" id="h-highlighted-crypto-news-today">Highlighted Crypto News Today</h3> 
<p><a href="https://thenewscrypto.com/ethereum-reclaims-4k-as-the-global-crypto-market-turns-green/" target="_blank" rel="noreferrer noopener">Ethereum Reclaims $4K as the Global Crypto Market Turns Green</a></p>

Trump’s WLFI Invests $45M in Crypto

Table of Contents

TheNewsCrypto

Other articles published on Dec 16, 2024

Binance accused of IP theft over PNUT token by Peanut the Squirrel owner

Sol Sniper Launches First Memecoin Trading Bot for X

Can Shiba Inu (SHIB) Reach 3 Cents? Analyzing the Path Ahead

Aave DAO considers exiting Polygon after proposed bridge

Ethereum's $4K Resistance Challenge: Can It Break Through?

The Federal Reserve is at a breaking point – What does the 2025 rate script look like?

Join our free newsletter for daily crypto updates!