World Liberty Financial, a DeFi lending and borrowing platform, has added more crypto assets to its holdings. According to Arkham Intelligence, Trump’s crypto venture bought 134,216 ONDO tokens worth about 250,000 USDC through the Cow Protocol.
President-elect Donald Trump’s DeFi platform, World Liberty Financial, is garnering attention following its latest cryptocurrency acquisition. The crypto venture has been buying with digital assets such as Ethereum on its radar.
World Liberty Financial buys ONDO tokens worth $250,000
Onchain data from Arkham Intelligence shows that the platform used 250,000 USDC to purchase 134,216 ONDO through the Cow Protocol. According to the market intelligence platform, World Liberty Financial completed the purchase at 6:51 UTC+8 on December 16th.
ONDO retails at $2.09 at the time of this publication and ranks 53rd on CoinMarketCap’s list of top crypto projects by market capitalization. The digital asset has surged by 12.8% in the last 24 hours, adding to its seven-day gain of 28.61%. The crypto asset has a market cap of $2.9 billion and a 24-hour trading volume of $538 million.
The purchase follows another one made on December 12th involving niche tokens. The DeFi platform’s multisig wallet purchased Ether, Aave, and Chainlink for about $14 million. World Liberty Financial bought 2,631 ETH for $10 million, 41,335 LINK for $1 million, and 3,357 AAVE for another one million.
According to data from Arkham, World Liberty Finance has a portfolio worth $83.98 million, with most of its holdings in Ether, CBBTC, USDT, and USDC stablecoins. The blockchain analytics firm shows that the DeFi platform owns ETH worth $58 million, CBBTC worth $10.75 million, USDC worth $6.16 million, and USDT worth $3.56 million. Its portfolio also consists of LINK and AAVE tokens worth $2.24 million each, as well as $653,000 worth of ENA tokens.
Justin Sun invests $30 million in World Liberty Financial by buying its native token WLFI
Trump and his sons, Donald Jr. and Eric Trump, unveiled the crypto venture in September through a live stream on X. The DeFi platform has its token WLFI, which is currently on presale. The presale began on October 15th with more than 100,000 U.S. accredited investors.
However, it struggled to meet its goals until a Chinese entrepreneur and crypto pioneer, Justin Sun, stepped in. Sun, who was previously in the news for purchasing a banana bought at 35 cents for $6.2 million, invested $30 million in WLFI.
The crypto entrepreneur announced the purchase on X and highlighted that “the U.S. is becoming the blockchain hub.” He also added that Bitcoin owes it to Donald Trump, and TRON is dedicated to making America great again. According to Sun, the purchase made him the largest investor of World Liberty Financial.
According to the World Liberty Finance website, the presale is still ongoing. The Trump family has already sold 4.97 billion WLFI at $0.015. The website shows that Trump aims to sell 20 billion tokens, and 15 billion tokens are still up for grabs.
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This articles is written by : Fady Askharoun Samy Askharoun
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