Donald Trump

World

Liberty

<p>World Liberty Financial, the crypto project backed by Donald Trump and his family, has been on a major buying spree in December. The project has spent nearly $45 million on various cryptocurrencies, including Ether (ETH), Coinbase Wrapped Bitcoin (cbBTC), Chainlink (LINK), and others.&nbsp;</p>
<p>The latest purchase, made on December 15, saw World Liberty buy $250,000 worth of Ondo (ONDO), a token connected to decentralized finance (DeFi). This followed a $500,000 purchase of Ethena (ENA) just one day earlier.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="399" height="484" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/lookonchain-1-399x484.png" alt="Lookonchain transaction tweet" class="wp-image-223432">
  <figcaption class="wp-element-caption">
   Source: <a href="https://x.com/lookonchain/status/1868460418114744779" target="_blank" rel="noopener noreferrer nofollow">X</a>
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="breakdown-of-the-project-s-buying-activity">Breakdown of the project’s buying activity</h2>
<ul class="wp-block-list">
 <li>$30 million in Ether (ETH)</li>
 <li>$10 million in Coinbase Wrapped Bitcoin (cbBTC)</li>
 <li>$2 million in Chainlink (LINK)</li>
 <li>$2 million in Aave (AAVE)</li>
 <li>$500,000 in Ethena (ENA)</li>
 <li>$250,000 in Ondo (ONDO)</li>
</ul>
<p>This brings their total spending for December to $44.75 million.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="860" height="411" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/image_2024_12_16T07_53_13_650Z-860x411.png" alt="Arkham Transaction " class="wp-image-223433">
  <figcaption class="wp-element-caption">
   Source: <a href="https://intel.arkm.com/explorer/entity/worldlibertyfi" target="_blank" rel="noopener noreferrer nofollow">Arkham</a>
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="what-is-world-liberty-financial">What is World Liberty Financial?</h2>
<p>World Liberty’s token sales haven’t exactly gone as planned. The project struggled to sell its $300 million World Liberty Financial (WLFI) token, selling less than 25% so far. However, things took a turn when Justin Sun, the founder of the Tron blockchain, bought $30 million worth of WLFI tokens, becoming the project’s largest investor and advisor.</p>
<h2 class="wp-block-heading" id="aavedao-collaboration">AaveDAO Collaboration</h2>
<p>In addition to its token buys, World Liberty made headlines in the DeFi community on December 13, when the autonomous group behind the Aave protocol, AaveDAO, approved a proposal from World Liberty.</p>
<p>The proposal allows World Liberty to launch its version of the Aave protocol for lending and borrowing digital assets like Ether, Wrapped Bitcoin, and stablecoins like USDC and USDT.</p>
<h2 class="wp-block-heading" id="why-the-buying-spree">Why the Buying Spree?</h2>
<p>According to Nicolai Søndergaard, a researcher at Nansen, World Liberty’s buying spree could be a strategy to gain credibility in the crypto world. By investing heavily in well-known assets like Ether and Aave, the project may be looking to boost confidence and attract more investors as the market reacts to the rise in value of these assets.</p>
<h2 class="wp-block-heading" id="cow-protocol-s-surging-popularity">Cow Protocol’s Surging Popularity</h2>
<p>In addition to the buying spree, World Liberty’s <a href="https://x.com/WuBlockchain/status/1868100794660364755" target="_blank" rel="noopener noreferrer nofollow">purchases</a> through the Cow Protocol have also influenced the market.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="662" height="484" src="https://www.cryptotimes.io/wp-content/uploads/2024/12/image_2024_12_16T07_55_21_893Z-662x484.png" alt="Cow protocol price chart" class="wp-image-223437">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.coingecko.com/en/coins/cow-protocol" target="_blank" rel="noopener noreferrer nofollow">coingecko</a>
  </figcaption>
 </figure>
</div>
<p>Cow Protocol’s tokens have surged almost 50% in price, currently valued at $0.9373, following the Trump family’s purchases, jumping to $270 million market capitalization and 24-hour trading volume standing at $467.48 million, surging a staggering 745%.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/12/12/donald-trump-plans-to-do-something-great-with-crypto/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump Plans to “Do Something Great with Crypto”</a></p>
</blockquote>

Trump’s World Liberty Financial Invested $45M in DeFi tokens

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The Crypto Times

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