Donald Trump's DeFi Project World Liberty Financial Accumulates Tron (TRX) After Loading Up on Ethereum

World Liberty Financial, the Donald Trump-owned DeFi project, has been aggressively expanding its crypto holdings with fresh Tron purchases.

Donald Trump’s DeFi project, known as World Liberty Financial, has recently undertaken a Tron (TRX) buying spree following its substantial Ethereum purchases earlier this week.

According to data from Arkham Intelligence, the project spent a total of $2.65 million in USDT stablecoin to increase its TRX holdings significantly. This surge in demand for TRX has led to a strong 5.76% surge in its price amidst fresh buying interest for the altcoin.

World Liberty Financial Accumulates Tron (TRX)

World Liberty Financial, a DeFi project owned by Donald Trump, has been aggressively expanding its cryptocurrency holdings with fresh Tron purchases.

According to data from Arkham Intelligence, the project recently spent 2.65M USDT to acquire 10.81M TRX. Following the current acquisition, the DeFi project now holds a total of 30.11M TRX, valued at $7.38M.

The latest purchase by the DeFi project follows massive Ethereum purchases earlier this week.

According to on-chain data, World Liberty swapped 5,252 ETH, amounting to 17.43M, for stETH, which was later staked with Lido Finance. Over the past three days, the fund has invested a total of $168.4M in six tokens.

This includes $99.95M in Ethereum, $47M of WBTC, $7.35M in Tron (TRX), and another $4.7M each in AAVE, ENA, and LINK. Interestingly, World Liberty Financial has increased its positions in every token except ONDO, as reported by Spot on Chain.

Justin Sun Celebrates the Development

Notably, the recent DeFi project activity has also caught the attention of Tron founder Justin Sun, who celebrated the development on his Twitter account.

In his recent tweet, Sun highlighted the massive World Liberty Financial’s recent on-chain activity, which included Tron purchases and staking a significant amount of ETH with Lido. He also thanked Donald Trump for his support of the decentralized finance (DeFi) industry.

As previously reported by CryptoSlate, World Liberty Financial launched its own decentralized autonomous organization (DAO) on the Arbitrum network in December last year.

The DAO aims to unite Trump's supporters and advance his policies, including a proposal to establish a "Trump Liberty Reserve" to help families and a "Save America Tour II" to promote his agenda.