|

World Liberty Financial adds $47 million of ETH and wBTC each to celebrate Trump’s inauguration

  • Arkham intelligence data shows that World Liberty Financial added $47 million of wrapped Bitcoin and Ethereum each to celebrate Trump’s inauguration.
  • WLFI announced strategic AAVE, TRX, LINK, and ENA purchases on Monday.
  • Massive demand and overwhelming interest in the Trump-backed DeFi platform open up an additional block of 5% of the token supply. 

Donald Trump-backed DeFi platform World Liberty Financial (WLFI) added $47 million of wrapped Bitcoin (wBTC) and Ethereum (ETH) each to celebrate Trump’s inauguration as the 47th President of the United States on Monday. Additionally, WLFI announced strategic purchases of Aave (AAVE), Tron (TRX), Chainlink (LINK), and Ethena (ENA) for its portfolio.

Trump’s DeFi platform adds more crypto

According to Arkham intelligence, data shows that Donald Trump-backed DeFi platform World Liberty Financial (WLFI) added $47 million of wBTC and $47 million of ETH on Monday to celebrate Trump’s inauguration as the 47th President of the United States. 

Following this news, WLFI’s official Twitter account also posted on Monday that it will strategically purchase $4.7 million Aave, Link, Tron, and ENA each for its portfolio. WLFI has already purchased these tokens earlier in December. Currently, the WLFI wallet holds $355 million worth of cryptos in its portfolio.

Moreover, during the same day, WLFI announced that it had surpassed its target of 20% sales of the token supply and decided to open an additional 5% block due to the massive demand and overwhelming interest among investors.

Author

Manish Chhetri

Manish Chhetri is a crypto specialist with over four years of experience in the cryptocurrency industry.

More from Manish Chhetri
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades. 

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.