World Liberty Financial, a project associated with Donald Trump, has converted $12 million USDC into cryptocurrencies Ethereum, Chainlink, and Aave. This was highlighted by Lookonchain.
Trump’s World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE!
In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8.https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ
— Lookonchain (@lookonchain) December 12, 2024
In approximately nine hours, the purchases included:
- 2,631 ETH at $3,801 for 10 million USDC;
- 41,335 LINK at $24.2 for 1 million USDC;
- 3,357 AAVE at $297.8 for 1 million USDC.
Over the past day, the price of the second-largest cryptocurrency by market capitalization increased by 6% (CoinGecko). At the time of writing, Ethereum is trading at $3,915.5.
The Chainlink token rose by approximately 26% to reach $28.71. The price of AAVE increased by 30% to $356.
According to Arkham Intelligence, World Liberty Financial holds crypto assets worth $74.8 million. The dominant share of the portfolio consists of 14,577 ETH valued at $57.1 million.
The second position is held by 102.9 cbBTC — wrapped bitcoins from Coinbase — worth $10.4 million. The total value of stablecoins USDT and USDC in the wallet amounts to $4.9 million.
“Any stablecoins they receive, they exchange for ETH rather than just holding them,” commented EthHub founder Eric Conner to The Block.
Some traders anticipate Ethereum reaching new price highs before the end of the year. According to the Derive options exchange, the probability of this is no more than 10%.
In September, Trump’s sons introduced World Liberty Financial and announced the upcoming WLFI token sale. At the end of the month, verification was opened on the official website.
Fundraising began in mid-October.
Back in September, the Trump-linked organization DT Marks DEFI claimed 75% of the net income from World Liberty Financial.