World Liberty Financial Makes Strategic Token Acquisitions Ahead of Trump Presidency

World Liberty Financial (WLFI), a cryptocurrency project supported by President-elect Donald Trump, sparked significant market movements early Thursday by purchasing millions of dollars in Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).

World Liberty Financial (WLFI), a cryptocurrency project backed by President-elect Donald Trump, made headlines on Thursday with a multi-million dollar purchase of ETH, LINK, and AAVE.

The project's multisig wallet acquired millions of dollars in ETH, LINK, and AAVE, sparking significant price movements in the crypto market.

According to on-chain data, the project acquired 2,631 ETH at an average price of $3,801, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8.

This marks the first purchase of AAVE and LINK tokens by the project, indicating a strategic diversification of its holdings.

Aave V3 Deployment on ETH

World Liberty Financial, known for its integration with DeFi protocols to offer services like borrowing, lending, and liquidity, made its first AAVE purchase as part of broader initiatives.

The platform utilizes Chainlink's data services for deeper integration with the crypto ecosystem, particularly Chainlink's pricing data and cross-chain interoperability tools.

Furthermore, World Liberty Financial's decentralized autonomous organization (DAO) proposed deploying an Aave V3 instance on Ethereum, a move that would include external risk managers.

This deployment aims to attract first-time DeFi users and share revenue with liquidity providers. Having met quorum, the proposal aligns with the platform's goal of expanding its offerings.

“Trump’s World Liberty Financial is adopting Chainlink Price Feeds for their Aave V3 instance, which makes sense considering Chainlink connects the world’s financial data to blockchains. But the value goes far beyond that, considering nobody is better positioned to benefit from a positive US regulatory environment,” Chainlink community liaison Zach Rynes said in a statement.

The project's strategic purchases had a substantial impact on the market.

LINK and AAVE's 30% price surges indicate investor confidence in the tokens' roles within the platform's ecosystem.

At the same time, ETH's 7% gain bolstered its position as a reserve asset, with over $50 million of ETH held by the project.

Additionally, the project's continuous accumulation of ETH aligns with its vision of deeper engagement with the crypto economy.

Spearheaded by President-elect Donald Trump as the “chief crypto advocate,” the platform boasts high-profile engagement.

His sons, Eric and Donald Trump Jr., are appointed as “Web3 ambassadors,” while Barron Trump holds the title of “DeFi visionary,” aiming to position the US as a leader in crypto adoption.

“This platform will help make America the crypto capital of the world,” Eric Trump stated during the project's launch.

Commencing in October, the initiative has raised over $55 million through its WLFI token sale, accepting ETH, USDC, and USDT from accredited investors. However, this falls short of their $300 million fundraising goal.

The project's treasury, managed through a limited liability company, holds nearly $73 million in cryptocurrencies, including wrapped Bitcoin (cbUSD), USDC, USDT, and altcoins.

Onchain activity reveals frequent trades via CoW Swap, a decentralized exchange designed for cost-efficient transactions.

Despite their efforts, the project encountered difficulties in meeting their fundraising targets after failing to pique the interest of crypto investors during their debut.