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Tron DAO Injects $45M in WLFI Token as Trump Takes Office

Published by
Qadir AK

As Donald Trump the pro-crypto U.S. President-elect, prepares to take office tomorrow, the cryptocurrency world is buzzing with anticipation. With his support for digital assets, the stage is set for a new era in Web3. One project catching everyone’s attention is World Liberty Financial (WLFI), which has already made a strong impact in the DeFi space.

But what’s behind this surge in interest, and why are whale investors diving in?

The initial pre-sale of WLFI tokens sold out 20 billion units, leading the World Liberty Financial team to release an additional 5% of the token supply. This expanded the pre-sale to 25 billion units. As of now, 800 million of the 5 billion extra tokens have already been sold.

Tron DAO Doubles Down on WLFI

Tron DAO made waves last year by investing $30 million in World Liberty Financial, and Justin Sun the founder of Tron, joined the project as an advisor. Recently, Tron DAO has increased its investment by another $45 million, raising its total stake in WLFI to around $75 million.

Tron’s increased investment has attracted more whale investors to the WLFI pre-sale. For instance, whale investor convexcuck.eth spent 1,082 ETH, along with $1.39 million in USDT and USDC, to buy 323,226,263 WLFI tokens in just 24 hours, according to data from Spot On Chain.

A Look at Trump’s Administration

World Liberty Financial’s rise signals the incoming Trump administration’s push for Web3 technologies and digital assets. Trump and First Lady Melania Trump have already launched their own memecoins on the Solana blockchain to engage their supporters.

As of now, Official Trump (TRUMP) and Melania Meme (MELANIA) have a combined market value of about $13.5 billion, less than 48 hours after launching. The strong demand for these tokens has caused some congestion on the Solana network, showing just how popular they’ve become.

What’s Next for TRX Under Trump?

With Trump’s pro-crypto policies, the Tron network could see easier entry into the U.S. market. There’s also a possibility that a spot TRX ETF could be approved under his administration, which would further drive adoption of Tron’s native token, TRX.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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