Trump-Linked World Liberty Financial to Buy More of Tron’s TRX After $10M WBTC Purchase
World Liberty Financial, the decentralized finance (DeFi) project linked to President Donald Trump, plans to buy more of Tron’s TRX token days later a $2.6 million purchaseaccording to a person familiar with its plans.
The project will buy an additional $2.65 million of TRX this week, the person said Thursday, the same day it bought $9.8 million worth of wrapped bitcoin (WBTC).
World Liberty Financial now holds $352 million worth of crypto tokens including $181 million of ether (ETH), $56 million of WBTC, $32 million of staked ether (STETH) and $7.4 million of TRX, Arkham shows.
The purchases come as sales of the project’s own WLFI tokens head into the final furlong with only 2.4 billion tokens of a total of 25 billion still available. It has raised a total of $1.1 billion since the sale went live in September.
The increase in activity has been fueled by pro-crypto sentiment coming from the new US administration, with regulatory changes planned following the exit of Gary Gensler as head of the Securities and Exchange Commission (SEC).
“I look forward to seeing the Trump administration’s pro-crypto stance inspire and develop policies and initiatives that will drive innovation and promote financial inclusion, ensuring that cryptocurrency becomes accessible to a wider audience ,” Tron founder Justin Sun, who bought $30 million worth of WLFI tokens in November, said in a statement shared with CoinDesk.
