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Nidhi Kolhapur
Nidhi Kolhapur
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Jan 23, 2025 14:29 UTC
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Donald Trump’s WLFI to Buy $2.6 Million TRX This Week
WLF has plans to buy more TRX tokens just days after a $2.6 million purchase.
It bought $112.8 million worth of cryptocurrencies on the first day of Trump’s presidency.
The surge in activity is driven by the pro-crypto stance of the new U.S. administration.
In a new development, World Liberty Financial, the decentralized finance (DeFi) project connected to President Donald Trump, is set to purchase more TRX tokens. This comes just days after the project bought $2.6 million worth of TRX, and now it plans to buy an additional $2.65 million this week.
Here’s everything you must know.
Expanding Its Crypto Portfolio
According to sources close to the project, World Liberty Financial intends to buy $2.65 million more of TRX tokens, following the recent $2.6 million purchase. Earlier this week, the project also invested $9.8 million in wrapped Bitcoin (WBTC).
Currently, World Liberty Financial holds $352 million in cryptocurrency. This includes $181 million in Ether (ETH), $56 million in WBTC, $32 million in staked Ether (STETH), and $7.4 million in TRX tokens, according to Arkham data.
A Strong Start to Trump’s Presidency
On the first day of Donald Trump’s presidency, World Liberty Financial made headlines by purchasing $112.8 million in cryptocurrencies. The project celebrated Trump’s inauguration with $47 million in Ether (ETH) and Wrapped Bitcoin (WBTC), along with $4.7 million each in AAVE, LINK, TRX, and ENA.
World Liberty Financial’s WLFI token sale is nearing its end, with just 2.4 billion tokens left out of the 25 billion total. Since launching in September, the sale has raised $1.1 billion.
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- Bearish Targets Get Activated for Ethereum; What’s Next for the ETH Price Rally as Bulls Remain Vigilant!
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The Trump Administration’s Pro-Crypto Vision
The recent surge in World Liberty Financial’s activity comes in the wake of the new U.S. administration’s pro-crypto stance. This includes plans for a major regulatory overhaul after Gary Gensler’s departure as SEC chair.
“I am looking forward to seeing the Trump administration’s pro-crypto stance inspire and develop policies and initiatives that will drive innovation and promote financial inclusion, ensuring cryptocurrency becomes accessible to a wider audience,” Tron founder Justin Sun, who purchased $30 million worth of WLFI tokens in November,” shared in a statement.
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As the DeFi space grows, projects like World Liberty Financial are making their mark. Good times!
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