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.
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.
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.
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.
As the DeFi space grows, projects like World Liberty Financial are making their mark. Good times!
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