Trump’s World Liberty Financial Purchases Millions of ETH, LINK, AAVE Using USDC
Donald Trump’s World Liberty Financial (WLFI) has been making some big moves in the world of crypto. They recently spent millions of dollars on Ethereum (ETH), Chainlink (LINK), and Aave (AAVE), which caused quite a stir in the market. In a short amount of time, WLFI made transactions using millions of USDC to acquire these tokens.
According to data from Etherscan on December 12, WLFI purchased over 2,600 ETH at a price of around $3,800 per ETH, totaling about 10 million USDC. This caused the price of Ethereum to jump by 2.36% in just one hour, and by 6.86% over a 24-hour period.
But that’s not all! WLFI also snagged 41,335 LINK tokens and 3,357 AAVE tokens, with the prices of both surging after the purchases. Chainlink went up by over 20% in just one day, reaching $26.72, while Aave appreciated by over 30% and is currently trading above $357.
Ethereum investor Eric Conner shared some insights, mentioning that WLFI seems to be swapping stablecoins for ETH instead of holding onto them. This strategy seems to be paying off, especially with the recent price surges of these tokens.
In addition to their crypto spending spree, WLFI recently had Justin Sun become their largest investor after he put in $30 million. This move means that the Trump family will start receiving payments, with their company, DT Marks DEFI LLC, set to receive 75% of net revenues once the project raises $30 million.
World Liberty Financial aims to secure the future of the US dollar in the digital world while avoiding centralized control. With Trump as the chief crypto associate and Eric Trump and Donald Trump Jr as Web3 Ambassadors, they are making waves in the crypto world.
Currently, WLFI is working on launching its own stablecoin, having raised $14 million for the project. Rich Teo, co-founder of Paxos, will lead the stablecoin initiative. Paxos is known for powering stablecoins like Pax Dollar (USDP) and PayPal USD (PYUSD), so WLFI is in good hands for creating a safe and reliable product for the market.
