Donald Trump’s World Liberty Financial Spends $12M in 24 Hours on 3 Cryptocurrencies

• World Liberty Finance has spent approximately $45 million on altcoin investments since Nov. 30.
• The WLFI token sale has seen 4.98 billion sold, raising roughly $74.7 million out of its initial $300 million target.
• The WLF wallet has also invested smaller amounts into memecoins.

World Liberty Financial (WLFI), the decentralized finance project endorsed by President-elect Donald Trump, has made significant cryptocurrency investments.

The project has spent over $12 million on Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) using USD Coin (USDC).

Three Major Investments

According to Etherscan data on Dec. 12, WLFI purchased 2,631 ETH for $10 million, marking the bulk of the project’s recent investments.

The project acquired 41,335 LINK and 3,357 AAVE for 1 million USDC each.

All the tokens saw significant surges after the purchases, with AAVE rising over 33% and LINK growing 20% within 24 hours.

Ethereum also saw an increase of 6% in a day.

WLFI Gets Justin Sun Boost

The move follows Tron founder Justin Sun becoming the project’s largest investor after he purchased $30 million worth of the project’s tokens.

Before Sun’s purchase, only $20 million worth of WLFI had been sold.

“We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun wrote in a Nov. 25 X post.

“TRON is committed to making America great again and leading innovation,” he added.

What urged Sun to invest so highly in the project is not fully understood, especially as it has been slow to grow. Some believe it could be a way for the controversial crypto magnate to get closer to the Trump administration.

WLFI Bags Alts

Most recently, WLFI spent $500,000 on synthetic dollar protocol Ethena (ENA), which boosted the token’s value considerably, as well as an additional $250,000 on ONDO.

Etherscan also shows the WLF multisig wallet has made some memecoin purchases, which includes a small $794 investment into Bary (BARY), Uniswap (UNI), and Froge (FROGE) amongst others.

Speaking with Bloomberg, senior research analysts Nicolai Søndergaard speculated that the token investments could be a means to garner “additional trust” by grabbing up tokens that fall within the WLFI decentralized finance mission statement.

That, or the team could be hoping to shore up funds in promising assets to make up for the $200+ million shortfall from its initial WLFI token sale target of $300 million, from which it has only made $74.7 million.

Slow To Grow

Initially, the project aimed for a $300 million token sale target but downsized to a $30 million goal as interest has been slow.

According to the WLFI website , 4.98 billion tokens have been sold.

The renewed smaller target means the project met its goal after Sun’s backing. This activated the project’s revenue sharing clause, meaning the Trumps can now receive some of its revenue.

According to WLFI’s “gold paper,” Trump’s company, DT Marks DEFI LLC, can receive 75% of the project’s net revenues when it makes $30 million.

The project is still unknown. WLFI said it focuses on stablecoin payments, borrowing and lending services, and liquidity pools, but no further details have been provided.

Despite President-elect Trump’s endorsement of the project, WLFI continues failing to spark excitement in the industry.

With additional reporting from Eddie Mitchell