World Liberty Financial Plans to Acquire TRX Tokens, Deepening Ties to Tron Network

This latest move reflects the project's deepening ties to the Tron network and its push to offer widespread crypto-financial services.

Trump-backed crypto project World Liberty Financial has announced its plan to acquire TRX tokens for its treasury. This move comes as the project deepens its ties to the Tron network and pushes to offer crypto-financial services on a large scale.

World Liberty Financial, an initiative backed by the Trump family, is planning to acquire Tron (TRX) tokens for its treasury, further strengthening the connection between the Trump-backed project and the Tron network. Justin Sun, the founder of Tron and the largest holder of WLFI tokens, currently serves in an advisory role for World Liberty Financial.

The precise amount of TRX tokens that World Liberty Financial aims to acquire has not been disclosed. However, the crypto project has already managed to raise $90 million from sales of WLFI tokens.

World Liberty Financial is positioning itself as a major player in the offering of crypto-financial services, aiming to bring crypto offerings to a wider audience, with Donald Trump himself serving as the "chief crypto advocate." As Trump returns to the White House, a new era is expected to unfold for the crypto industry, particularly in the realm of regulation.

Tron's involvement with World Liberty goes beyond advisory roles, with a delegation from Tron set to attend Trump's inauguration on January 20. The Tron network also sponsored the inaugural crypto gala in Washington, D.C., to show support for the incoming administration.

Over the past few months, World Liberty Financial's crypto treasury has grown substantially. The project has acquired tokens from various projects, such as Ethereum, AAVE, and Chainlink, to diversify its holdings. The company also went on to invest more than $1 million in tokens like Ondo and Etherna to further expand its portfolio.

The project's blockchain wallet holds a diverse range of crypto assets, including 1,213 ETH, 17.1 million USDC, and 6,137 AAVE. The wallet also contains significant holdings in WBTC, LINK, and other altcoins like UNI and PEPE, showcasing World Liberty Financial's efforts to strengthen its financial position.

Following the reports of the acquisition, TRX experienced a surge in value, reaching a high of $0.2587 within a day. However, the token quickly lost momentum and dropped by 6.41% to $0.2421. At the moment, TRX is down by 0.95% over the past day and 0.38% over the past week.

The announcement of the potential TRX acquisition highlights the growing prominence of crypto projects in the political and financial arenas. As Trump's presidency is set to impact crypto regulation, the ties between World Liberty Financial and Tron are expected to have substantial implications.