Since November, World Liberty Financial has actively invested in cryptocurrencies, spending $44.75 million on various digital assets.
WLFI’s Cryptocurrency Purchases
According to Lookonchain and Arkham Intelligence, World Liberty Financial (WLFI) has been steadily increasing its investments since November 30. Key purchases include $30 million in Ether (ETH) and $10 million in Coinbase Wrapped Bitcoin (cbBTC). On December 15, WLFI acquired $250,000 worth of Ondo (ONDO), following a $500,000 purchase of Ethena (ENA) a day earlier. They also bought $2 million each of Chainlink (LINK) and Aave (AAVE). The bulk of these investments happened on December 12, when WLFI spent $10 million on 2,631 ETH. Another significant move was when Justin Sun, the founder of Tron, invested $30 million, making him WLFI's largest investor.
What Is World Liberty Financial?
Despite its well-known backers and substantial investments, the project remains somewhat mysterious. WLFI claims to focus on stablecoin payments, borrowing and lending services, and liquidity pools. However, detailed plans or use cases are yet to be disclosed. According to its website, World Liberty Financial has raised $74.55 million by selling 4.97 billion tokens at $0.015 each.
Trump’s Changing Stance on Crypto
Donald Trump’s involvement in WLFI marks a stark contrast to his earlier skepticism toward cryptocurrencies. In recent years, he has shifted to a pro-crypto stance, promising to make the U.S. a 'crypto capital' and calling for the creation of a national Bitcoin reserve. In a keynote speech at a Bitcoin conference in July, Trump emphasized the need for crypto-friendly regulations. His campaign began accepting cryptocurrency donations. His electoral win has fueled expectations of a friendlier regulatory environment, causing Bitcoin to surge past $100,000. Trump 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.
World Liberty Financial is rapidly expanding its presence in the crypto world, and Donald Trump's backing only enhances the project's significance in the space.
