Trump’s World Liberty Financial buys $9.8M of WBTC on Thursday.
World Liberty Financial (WLF), a decentralized finance (DeFi) project associated with Donald Trump, has raised $1.1 billion through its token sale. Recently, WLF plans to purchase an additional $2.65 million in Tron’s TRX token, following a previous $2.6 million buy. They also bought $9.8 million worth of wrapped bitcoin (WBTC). Currently, WLF holds $352 million in various cryptocurrencies, including $181 million in ether (ETH) and $7.4 million in TRX.
The token sale is nearing completion, with only 2.4 billion of the total 25 billion WLFI tokens left. The surge in activity is attributed to a pro-crypto sentiment from the new U.S. administration, especially after the departure of SEC chief Gary Gensler. Tron founder Justin Sun expressed optimism about the Trump administration’s potential to foster innovation in cryptocurrency.
WLF has seen a significant increase in token sales, selling 20% of its supply and planning to release an additional 5% due to high demand. This interest has been fueled by the launch of meme coins by Donald and Melania Trump, which have generated excitement in the crypto market.
WLF announced the sale of 21.3 billion tokens on social media, celebrating their success and the decision to release more. Justin Sun has shown strong support for WLF, with his company Trondao investing a total of $75 million in the project. He remains confident about WLF’s future under Trump’s leadership.
WLF also made a notable purchase of 14,403 ETH for $48 million, although the reasons for this acquisition are unclear. Speculation has arisen, especially after Eric Trump hinted at upcoming developments related to this purchase. WLF acquired four Ethereum Name Service (ENS) domains, raising questions about potential future meme coin launches on the Ethereum network.
In December, WLF invested over $45 million in various altcoins, boosting their prices. The recent Ethereum acquisition has led many to wonder if WLF can replicate this success in the market.
