Key Points
- World Liberty Financial, a DeFi project associated with President Trump, invested $100 billion in cryptocurrencies.
- Significant amounts of Ethereum, Aave, Tron, and other cryptocurrencies were acquired via WLFI.
World Liberty Financial, a decentralized finance (DeFi) project linked to President Donald Trump, made a substantial investment in a variety of cryptocurrencies. This massive investment of $100 billion was executed just before Trump’s inauguration.
Major Cryptocurrency Acquisitions
The 47th U.S. President and his cryptocurrency team acquired large quantities of major cryptocurrencies through the DeFi platform World Liberty Financial (WLFI). WLFI’s on-chain address purchased approximately $47 million worth of Ethereum (ETH), $4.4 million in Aave (AAVE) coins, and $4.5 million in Tron (TRX) belonging to Justin Sun.
Based on data from Arkham Intelligence, the DeFi platform associated with Trump also acquired Wrapped Bitcoin (WBTC) valued at $47 million, Chainlink (LINK) worth $5.5 million, and $4.5 million in Ethena Labs tokens (ENA).
World Liberty Financial Team
Eric Trump and Donald Trump Jr., sons of President Trump, are identified as “Web3 Ambassadors” on the official WLFI website. The President himself is referred to as the “Chief Crypto Advocate” for the project, while Barron Trump, the youngest Trump son, is listed as a “DeFi Visionary.”
The WLFI team also includes DeFi industry veterans Chase Herro and Zachary Folkman. Both Herro and Folkman were formerly associated with Dough Finance, a platform that experienced a $2 million cryptocurrency exploit in July of the previous year.
The cryptocurrency investments made on January 20 coincided with an increase in WLFI token sales. These sales gained traction in the days leading up to Trump’s inauguration. As per the platform’s website, WLFI has sold 85% of its 25 billion token supply, equivalent to about 21.7 billion tokens valued over $1 billion, following a slow start in October of the preceding year.
