World Liberty Financial (WLFI), a cryptocurrency project backed by Donald Trump, has invested $44.75 million in multiple cryptocurrencies since November 30, according to Lookonchain.
Breaking Down WLFI’s Buying Spree
According to Lookonchain and Arkham Intelligence, WLFI has steadily increased its investments since November 30. Key acquisitions include $30 million in Ethereum (ETH), $10 million in Coinbase Wrapped Bitcoin (cbBTC), as well as $250,000 in Ondo (ONDO) and $500,000 in Ethena (ENA). On December 12, WLFI spent $10 million on 2,631 ETH. Other significant investments include $2 million each in Chainlink (LINK) and Aave (AAVE).
What Is World Liberty Financial?
Despite its high-profile backers and substantial investments, WLFI remains somewhat mysterious. The project claims to focus on stablecoin payments, borrowing and lending services, and liquidity pools. However, detailed plans or use cases are yet to be disclosed. Nonetheless, the project’s activities and significant backing suggest it could play a growing role in the crypto space.
Trump’s Changing Stance on Crypto
Donald Trump’s involvement in WLFI marks a stark contrast to his earlier skepticism toward cryptocurrencies. He now aims to make the U.S. a 'crypto capital' and create a national Bitcoin reserve. Following his recent electoral win, he has appointed pro-crypto figures to key roles, such as Paul Atkins as chair of the SEC and former PayPal executive David Sacks as crypto and AI czar.
With investment backing and a new focus, World Liberty Financial under Donald Trump’s leadership may play a crucial role in the crypto industry, especially with political shifts toward friendlier regulation.
