Former President Donald Trump's latest venture into the world of cryptocurrency, decentralized finance (DeFi) protocol World Liberty Financial, has made a series of large transactions, exchanging nearly $10 million worth of Wrapped Bitcoin ($WBTC) for Ethereum ($ETH). According to blockchain data, the company's wallet then converted $1.7 million of $ETH to Tether (USDT) and transferred a total of $38.4 million to Coinbase.
The activity comes as Trump's presidency is set to begin, with analysts anticipating his involvement in crypto to boost the broader market, particularly decentralized protocols and organizations like WLFI. One such project is Flockerz, a decentralized autonomous organization (DAO) launching in seven days.
Currently in presale, Flockerz's native token $FLOCK is priced at $0.0066883, presenting the lowest possible entry point before the DAO's launch. The project has generated over $10.1 million in funding, including several whale transactions exceeding $50,000 each.
Early adopters have also staked over 657 million $FLOCK, earning rewards at an annual percentage yield (APY) of 274%. The DAO's governance token, $FLOCK, entitles its holders to vote on key development proposals and earn rewards for their participation.
With just a week to go before Flockerz DAO launches its Vote-to-Earn mechanism, those interested can join the presale via the Flockerz's official website or Best Wallet's presale aggregator to acquire $FLOCK at the lowest possible price.
As Trump's crypto venture continues to build its portfolio ahead of Inauguration Day, the broader crypto market could experience significant upward momentum next week, including $FLOCK with the launch of its DAO. However, it's crucial to conduct thorough research and diversify investments to mitigate potential losses.
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