WLFI Spends Nearly $113M on Altcoins in Honor of Donald Trump’s Inauguration

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World Liberty Financial (WLFI), a DeFi project associated with U.S. President Donald Trump, has purchased $112.8 million in cryptocurrencies on the first day of his presidency.

The purchases include:

  • Ethereum (ETH) — $47 million
  • Wrapped Bitcoin (WBTC) — $47 million
  • Aave (AAVE) — $4.7 million
  • Chainlink (LINK) — $4.7 million
  • Tron (TRX) — $4.7 million
  • Ethena (ENA) — $4.7 million

According to the company, these amounts celebrate Trump becoming the 47th President of the United States.

On January 20, World Liberty finished selling 20% of its total WLFI token supply, equivalent to 100 billion coins. Per Dune, the proceeds amounted to $300 million.

Citing strong investor demand, the project announced an additional 5% WLFI token issuance.

According to Arkham Intelligence, World Liberty’s crypto portfolio is valued at around $341.2 million, with more than half of that—58,646 ETH worth $192.32 million at the time of writing.

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In September 2024, Trump’s sons introduced the DeFi project and disclosed the forthcoming WLFI token sale. At the end of the month, World Liberty initiated user verification on its official website, and fundraising began in mid-October.

Context

  • An organization associated with the newly inaugurated U.S. President, DT Marks DEFI, claims 75% of the net income from the crypto project.