Trump-Linked Project’s Cryptocurrency Purchases Reach $74 Million

Since November 30, the Donald Trump-associated project World Liberty Financial (WLF) has acquired $30 million in Ethereum and $10 million in cbBTC. The total expenditure on digital assets has reached $74 million.

Trump’s World Liberty(@worldlibertyfi) spent 250K $USDC to buy 134,216 $ONDO 2 hours ago.

Since Nov 30, #WorldLiberty has spent:

30M $USDC to buy 8,105 $ETH at $3,701;
10M $USDC to buy 103 $cbBTC at $97,181;
2M $USDC to buy 78,387 $LINK at $25.5;
2M $USDC to buy 6,137 $AAVE at… pic.twitter.com/0EVPCgMdMW

— Lookonchain (@lookonchain) December 16, 2024

According to Lookonchain, the project has also added to its balance:

• LINK — $2 million;
• AAVE — $2 million;
• ENA — $500,000;
• ONDO — $250,000.

On December 12, ForkLog reported the project’s purchase of ETH, LINK, and AAVE for approximately $12 million.

December 16, 2024 | 16:42Update:

The service DropsTab has compiled a dashboard with WLF’s portfolio. According to the platform, the organization holds digital assets totaling nearly $74 million.

Nansen analyst Nikolai Sondergaard suggested in an interview with Bloomberg that such activity is driven by “an attempt to gain additional trust or ‘boost the project’.”

To date, the team has realized less than a quarter of the $300 million in WLFI offered for sale.

On December 13, Aave DAO approved World Liberty’s proposal to deploy a fork of the protocol.

WLF intends to enable borrowing and lending in Ethereum, WBTC, USDC, and USDT. The platform will allocate 20% of the fees and 7% of the WLFI issuance, amounting to $21 million at a price of $0.0015, to AaveDAO.

In September, Trump’s sons introduced World Liberty Financial and announced the upcoming WLFI token sale. By the end of the month, verification was opened on the official website.

Fundraising began in mid-October.

The Trump-associated organization DT Marks DEFI claims 75% of the net income from World Liberty Financial.