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Cryptocurrency News Articles

The Trump Family's Crypto Project WLFI (World Liberty) Continues to Stir the Cryptocurrency Market

Dec 20, 2024 at 07:50 pm

itor: Hao Fangzhou

The Trump Family's Crypto Project WLFI (World Liberty) Continues to Stir the Cryptocurrency Market

Trump's family crypto project WLFI (World Liberty) has recently brought a new wave of attention to the various tokens in the cryptocurrency market after purchasing a series of mainstream coins, infrastructure project tokens and RWA tokens.

Following the recent purchase of LINK, AAVE, ENA, ONDO and other tokens, the project officially announced its cooperation with Ethena Labs at around 2 am today. The two parties plan to integrate Ethena's revenue token sUSDe into the WLFI lending platform.

Odaily Planet Daily will sort out WLFI’s recent operations and transmission impacts in this article for readers’ reference.

Recently, Trump's family crypto project WLFI (World Liberty) spent another 250,000 USDC to purchase 231,726 ENAs, and its ENA holdings rose to 741,687, with a total cost of $750,000, according to Onchain Lens monitoring. In addition, it also exchanged 103 cbBTC worth $10.36 million into WBTC.

On December 16, WLFI spent 250,000 USDC to buy 134,216 ONDO.

On December 15, WLFI spent 500,013 USDC to buy 509,955 ENA at an average price of $0.981.

On December 13, WLFI spent 1 million USDC to buy 37,052 LINK, and spent 151,985 USDC to buy 422 AAVE; within 48 hours, the project spent a total of 10 million USDC to buy 2,631 ETH; spent 1,246,722 USDC to buy 4,043 AAVE; spent 2 million USDC to buy 78,387 LINK.

On December 12, according to Arkham monitoring, WLFI multi-signature addresses held 14,573 ETH (about 57.03 million US dollars), 102.9 CBBTC (about 10.38 million US dollars), 3.108 million USDT, 1.515 million USDC, 41,335 LINK (about 1.17 million US dollars), 3357 AAVE (about 1.16 million US dollars) and other cryptocurrencies. It is worth mentioning that the project just exchanged a large amount of stablecoins from token sales into ETH on that day, and its ETH holdings were worth more than 50 million US dollars at that time.

As previously mentioned by Ai Yi, an on-chain analyst, the non-stablecoin assets purchased by WLFI include LINK/AAVE/ENA/ONDO, half of which belong to DeFi head applications and half to RWA assets. Interestingly, although COW is not in World Liberty's Portofolio, since Cowswap has been used to purchase tokens on the chain in recent times, its price has also skyrocketed by nearly 93% in the past seven days. This driving effect is also reflected in other tokens it has purchased:

On December 14, after buying LINK and AAVE, WLFI had a floating profit of US$299,000 on the former and US$338,000 on the latter.

On December 16, after the news of WLFI’s purchase spread, ONDO broke through 2.1 USDT, setting a new historical high, with a 24-hour increase of 16.33%.

On December 16, boosted by news such as WLFI buying various tokens, COW broke through $1, setting a record high; the price of ENA once rose to $1.33, which was less than $0.2 away from its previous historical high.

If the BTC price was previously affected by the "Trump effect" and rose from $70,000 to $100,000, then there is no doubt that WLFI's holdings were also affected by this effect.

After all, in the eyes of cryptocurrency traders in the United States and around the world, WLFI is "Trump's open project."

From the end of November to December 19, after completing the $30 million token sale target, the WLFI project’s previous token purchase operations included:

- 30 million USDC purchased 8,105 ETH;

- 10 million USDC was used to purchase 103 cbBTC (already converted into WBTC);

- 2 million USDC purchased 78,

News source:www.panewslab.com

Disclaimer:info@kdj.com

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