President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, according to on-chain data.
Blockchain intelligence platform Arkham reports that WLFI Treasury has acquired $50 million worth of different DeFi coins in preparation for its launch.
“UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION IN CHALLENGE COINS
The Treasury of World Liberty Finance has just acquired:
$35 million worth of ETH/WETH
$10 million worth of cbBTC
$1 million worth of LINK
$1 million from AAVE
Is Trump long DeFi?
WLFI launched its token sale in October.
The plan originally anticipated that 63% of all WLFIs would be sold to the public, but according to its current white paper – or “goldbook” – World Liberty Financial appears to have lowered that figure to 35%.
While World Liberty Financial has not yet launched publicly, it is still not 100% clear what services the platform will provide.
World Liberty Financial claims it is “the only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the hold of traditional financial institutions and putting power back where it belongs: in your hands.”
Data from Ethereum blockchain explorer Etherscan shows that the TRON DAO received 2 billion tokens through its investment in WLFI, making Tron (TRX) founder Justin Sun and the DAO the largest holders.
With this purchase, Sun also became an advisor to the project.
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