Donald Trump’s World Liberty Financial Holding $50,000,000 Worth of DeFi Crypto Assets: Arkham
President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain data shows.
Blockchain intelligence platform Arkham reports that WLFI’s treasury acquired $50 million worth of different DeFi coins in preparation for its launch.
“UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS
The World Liberty Finance Treasury just acquired:
$35 million of ETH/WETH
$10 million of cbBTC
$1 million of LINK
$1 million of AAVE
Is Trump long DeFi?”
WLFI went live with its token sale in October.
The project originally said that 63% of all WLFI would be sold to the public, but according to its current whitepaper – or “goldpaper”– World Liberty Financial appears to have lowered that to 35%.
With World Liberty Financial yet to publicly launch, it’s still not 100% clear what services the platform will provide.
World Liberty Financial says it’s the “only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the stranglehold of traditional financial institutions and putting the power back where it belongs: in your hands.”
Data from Ethereum blockchain explorer Etherscan shows that the TRON DAO received 2 billion tokens from its investment in WLFI, making Tron (TRX) founder Justin Sun and the DAO the largest holders.
With the purchase, Sun also became an advisor to the project.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Donald Trump’s World Liberty Financial Holding $50,000,000 Worth of DeFi Crypto Assets: Arkham appeared first on The Daily Hodl.
Go to Source
Author: Alex Richardson
