The World Liberty Financial (WLFI) team continues its aggressive investment in cryptocurrencies, recently acquiring Ethena tokens through the Cow Protocol.
WLFI's December Activity
In December, WLFI spent nearly $45 million to buy various crypto assets. These included 8,100 Ethereum (ETH) for $30 million, Coinbase Wrapped Bitcoin (cbBTC) for $10 million, and Chainlink (LINK) and Aave (AAVE) tokens for $2 million each. Additionally, 134,216 Ondo (ONDO) tokens were acquired for $250,000.
Market Reaction to Investments
The crypto market responded positively to WLFI's active purchases. Chainlink (LINK) saw a 28% rise, reaching $28 per token, Aave (AAVE) rose by 17% to $52, and Ethereum (ETH) increased by 8% to $3,912. These movements have spurred discussions about WLFI's influence on confidence in these crypto assets.
WLFI's Prospects and Challenges
The project faces challenges despite its activity. Its launch was accompanied by questions about wallet authenticity, affecting investor trust. Despite efforts, WLFI has sold less than 25% of its initial token offering. Justin Sun, founder of TRON, also backed the project with a $30 million investment.
World Liberty Financial continues to strengthen its position in the crypto market through strategic investments despite the challenges faced. The project aims to attract more investors, leveraging its well-known name and strategic partnerships.
