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World Liberty Financial Acquires $50 Million in DeFi Coins Ahead of Launch
(Originally posted on : Crypto News – iGaming.org )
President-elect Donald Trump’s cryptocurrency initiative, World Liberty Financial (WLFI), is taking risks in the decentralized finance (DeFi) field in anticipation of its launch. The blockchain intelligence platform Arkham’s on-chain data shows that WLFI’s treasury has purchased $50 million worth of DeFi cryptocurrencies.
WLFI’s DeFi Coin Acquisitions
World Liberty Financial’s treasury purchased significant amounts of popular DeFi assets. According to the report, the acquisitions include $35 million in ETH/WETH, $10 million in cbBTC, $1 million in LINK, and another $1 million in AAVE. This move has raised questions in the crypto community, with some speculating that Trump’s platform may be positioning itself to capitalize on the growing DeFi sector. Arkham’s update noted, “UPDATE: DONALD TRUMP’S WORLD LIBERTY FINANCIAL ACQUIRED $50 MILLION OF DEFI COINS.”
This strategy comes ahead of WLFI’s official launch, which has attracted considerable attention due to its association with the former U.S. president. The project’s goal is clear: challenge the dominance of traditional financial institutions and provide decentralized financial services to the public. World Liberty Financial claims to be the “only DeFi platform inspired by Donald J. Trump” and is determined to lead a “financial revolution by dismantling the stranglehold of traditional financial institutions and putting the power back where it belongs: in your hands.”
WLFI began its token sale in October 2024. While the project initially planned to sell 63% of its tokens to the public, the latest “goldpaper” has reduced that figure to 35%. This shift has sparked curiosity regarding the platform’s true intentions and the scope of its services, which are still somewhat unclear. Despite the uncertainty surrounding the specifics, the strategic acquisition of DeFi tokens indicates WLFI’s strong focus on the DeFi sector.
Meanwhile, blockchain explorer Etherscan shows that the TRON DAO, led by founder Justin Sun, received 2 billion WLFI tokens as part of its investment in the project. This makes Sun and the TRON DAO the largest holders of WLFI tokens. Sun’s involvement also extends to an advisory role, further tying the project to his influence in the crypto space.
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WLFI’s future developments will be closely watched as it prepares to unveil its platform and challenge the established financial systems.