- World Liberty Financial purchased over $113 million in cryptocurrencies, including Bitcoin, Ethereum, and AAVE, before Trump’s inauguration.
- WLFI token sales surged to $1.08 billion, selling 85% of its 25 billion supply after a slow October launch.
- The Trump family heavily promotes WLFI, with Donald Trump as “Chief Crypto Advocate” and his sons holding key roles in the platform.
World Liberty Financial (WLFI), the decentralized finance platform closely linked to Donald Trump and his family, made a splash in the crypto market on Monday, just hours before Trump’s inauguration. The platform’s wallet executed a buying spree worth millions, raising eyebrows across the industry.
Massive Crypto Purchases Before Inauguration
According to blockchain data from Arkham Intelligence, WLFI’s wallet purchased $47 million of wrapped Bitcoin (BTC) and $47 million of Ethereum (ETH), alongside $4.4 million of AAVE, $4.5 million of Tron (TRX), $4.5 million of Ethena (ENA), and $5.5 million of Chainlink (LINK). These transactions, totaling over a dozen, were carried out through the decentralized exchange CoW.
Token Sales Surge After Slow Start
After a rocky launch last October, WLFI’s governance token has seen renewed momentum. As of Monday morning, over 21.7 billion tokens, valued at $1.08 billion, have been sold, representing 85% of the total 25 billion supply. This surge reflects growing investor confidence in the platform amid Trump’s rising prominence in the crypto space.
Trump Family’s Deep Involvement
The project is led by Zachary Folkman and Chase Herro, who were previously involved with Dough Finance, a DeFi platform that faced a $2 million exploit. The Trump family has been instrumental in promoting WLFI, with Donald Trump holding the title of “Chief Crypto Advocate.” His sons, Eric and Donald Jr., serve as “Web3 Ambassadors,” while Barron Trump is listed as the platform’s “DeFi Visionary.”
With its high-profile connections and aggressive crypto moves, WLFI has positioned itself as a key player in the decentralized finance world, though questions remain about its long-term impact and transparency.
