|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
World Liberty Financial, the DeFi platform tied to President Donald Trump, made significant crypto purchases on the day of his inauguration.
Jan 21, 2025 at 02:56 pm
The platform acquired over $100 million in digital tokens within hours of Trump’s inauguration. This marked a high-profile start to the 47th U.S
World Liberty Financial, a DeFi platform closely linked to former President Donald Trump, made substantial cryptocurrency purchases on the day of his inauguration into the 47th U.S. Presidency.
The platform acquired over $100 million in digital tokens within hours of Trump's swearing-in ceremony, garnering significant attention within the crypto community.
Bitcoin Acquisitions on Inauguration DayAnnouncing the token purchases on the X platform on Monday, Donald Trump Jr. revealed acquisitions of several crypto assets, notably excluding Bitcoin (BTC).
The breakdown included $47 million each in Ethereum (ETH) and Wrapped Bitcoin (wBTC), along with $4.7 million allocations to Aave (AAVE), Chainlink (LINK), Tron (TRX), and Ethena (ENA).
These strategic purchases aimed to commemorate Donald Trump's historic return to the White House. Following the latest acquisition, ETH emerged as the largest holding in the portfolio of World Liberty Financial (WLFI), which oversees the Trump family's crypto initiatives.
To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today:
$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENA
Excited for the…
— Donald Trump Jr. (@DonaldJTrumpJr) January 21, 2025
WLFI Portfolio Overview and ValuationAs of Monday, WLFI's total portfolio value stood at $334.44 million, experiencing a slight 1.03% decrease due to minor market fluctuations.
Ethereum dominated the portfolio with 58,379 ETH, valued at $188.99 million at a price of $3,237.22 per token. The USDC stablecoin accounted for $54.4 million, marking the second largest share in the portfolio.
Other major holdings included 456.777 wBTC worth $46.46 million and 4,747 staked ETH (stETH) valued at $15.32 million. Smaller but notable allocations featured AAVE at $6.54 million, LINK at $6.19 million, USDT at $5.35 million, and ENA at $4.98 million.
Crypto Absent From Executive OrdersIn related news, President Trump's first-day executive orders did not address cryptocurrency, focusing instead on immigration reforms, energy policies, and federal restructuring.
This omission came as a surprise to many in the crypto industry, who had anticipated actions prioritizing digital assets.
Prior to the inauguration, rumors circulated about bold initiatives, such as establishing a national Bitcoin reserve or issuing industry-related pardons. However, these anticipated measures did not materialize.
Trump's inaugural speech also made no mention of cryptocurrency, leaving industry stakeholders to await further developments.
Despite the absence of executive actions on digital assets, the crypto community expressed excitement over World Liberty Financial's acquisitions of Bitcoin and other crypto assets following the inauguration, viewing it as a positive sign.
TRUMP’S WORLD LIBERTY FI BOUGHT $47M OF BTC AND $47M OF ETH TO CELEBRATE HIS INAUGURATION AS 47TH PRESIDENT OF THE UNITED STATES OF AMERICA pic.twitter.com/ZfdBQsnsG4
— Arkham (@arkham) January 20, 2025
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Is Ripple (XRP) Still a Millionaire-Maker Cryptocurrency?
- Jan 21, 2025 at 09:30 pm
- s dream of making millions in financial markets. And for many, the cryptocurrency industry has helped turn that vision into a reality. The Ripple network's native token XRP (CRYPTO: XRP) is an excellent example of the explosive potential in this unique asset class.