World Liberty Financial continues to expand its investments, now focusing on the cryptocurrency TRON (TRX). Following recent purchases, TRX has become the third largest asset in the fund's portfolio, trailing only ETH and WBTC.
Recent Investments in TRON
TRON was one of the acquisitions by WLFI in recent days, with the fund spending $168.4 million on six tokens. A total of $7.35 million was allocated to TRX, spread across several purchases. The latest swap was for $2.65 million USDT to purchase 10.18 million TRX. The final balance of World Liberty Fi amounts to 30.107 million TRX.
A New Trend in the Crypto World
TRON has traditionally positioned itself as a chain popularly used in the Chinese market. Nevertheless, the latest connection with WLFI is being used to attract US-based crypto investors. This can be seen as an attempt to move closer to the US market.
Objectives of World Liberty Fi
The World Liberty Fi project aims to sell 25 billion WLFI tokens. The recent popularity of TRUMP tokens has led to active sales and distribution of WLFI tokens. However, WLFI has not reached the initial goal of $300 million.
These investments and steps by World Liberty Fi and TRON could result in significant market changes and potential for increased cryptocurrency capitalization.
