Trump-Linked World Liberty Financial (WLFI) Throws Over $70M into WBTC, ETH, AAVE, LINK, TRX, ENA Ahead of Inauguration
World Liberty Financial (WLFI), the decentralized financial platform linked to Donald Trump and his family, bought millions of dollars of cryptocurrencies in a buying spree on Monday hours before the inauguration ceremony of Trump.
The protocol wallet address bought over $23.5 million of packaged bitcoin (BTC), $29 million of Ethereum’s ETH, $4.4 million of AAVE and $4.5 million of Tron’s TRX, blockchain data by Arkham Intelligence shows. The address also bought $4.5 million of Athena and $5.5 million of Chainlink’s LINK in more than a dozen transactions through the decentralized exchange CoW.
The transactions come as sales of management protocol token WLFI have surged in the past few days after a lackluster launch last October. More than 21.7 billion tokens ($1.08 billion) were sold as of Monday morning, more than 85% of the total 25 billion supply.
World Liberty Financial is led by Zachary Folkman and Chase Herro, who previously worked at DeFi platform Dough Finance, which saw $2 million of crypto assets wiped out in an exploit in July. Members of the Trump family, including Donald Trump, have publicly supported the project on social media, with the former president being titled “Chief Crypto Advocate.” for the platform. Two of his sons, Eric Trump and Donald Trump Jr., are involved as “Web3 Ambassadors,” while his other son, Barron Trump, is listed as a “DeFi Visionary.”
