Trump’s WLF bags over $100M in crypto tokens on inauguration day
World Liberty Financial, a DeFi platform associated with US President Donald Trump, purchased over $100 million in crypto tokens within just a few hours on Jan. 20.
World Liberty Financial, a decentralized finance (DeFi) project associated with the Trump family, loaded up on cryptocurrency in the hours before the US President Donald Trump’s Jan. 20 inauguration.
According to Arkham Intelligence data, the protocol’s wallet address bought $46.8 million worth of Ether (ETH) and $46.7 million in wrapped Bitcoin (WBTC) within four hours, often at a rate of over $4 million per purchase.
The buying spree included tokens with smaller market capitalizations, such as Ethena (ENA), wrapped Tron (wTRX), Chainlink (LINK), Aave (AAVE) and Uniswap (UNI). The wallet used the decentralized exchange CoW for the transactions.
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Author: Cointelegraph
