World Liberty Financial significantly increased its cryptocurrency investments, pouring $109.1 million into six different digital currencies on a single day. In the past hour alone, it invested $47 million to obtain 7,022 Ether valued at approximately $23.5 million, 174.1 Wrapped Bitcoins worth around $18.8 million, and 5.037 million ENA tokens with a value of about $4.7 million. This action follows previous investments in TRX, AAVE, and LINK, totaling $14.1 million.
World Liberty Financial Spends $109M on Crypto, Acquires ETH, WBTC, TRX, AAVE
Based on data from blockchain analysis platform Spotonchain, it’s reported that World Liberty Financial invested a total of approximately $109.1 million in six different cryptocurrencies during one day. In the past hour alone, they allocated around $47 million to purchase 7,022 ETH worth roughly $23.5 million, 174.1 WBTC for about $18.8 million, and 5.037 million ENA tokens with a value of approximately $4.7 million.
This morning, our fund allocated a total of $14.1 million towards TRX, AAVE, and LINK, thus strengthening our presence within the cryptocurrency market.
In summary, the fund has poured a total of $71.5 million into Ethereum over the past 24 hours, buying around 21,425 ETH at an average cost of roughly $3,337 each. Moreover, World Liberty Financial has been gradually expanding its investment portfolio across various assets in the last three days.
Previously reported by CoinGape, Donald Trump’s project acquired approximately 14,403 Ethereum, boosting their overall Ethereum holdings. This significant purchase demonstrates the confidence that Donald Trump’s project has in Ethereum. Furthermore, with a 117% spike in trading volume, the price of Ethereum climbed by 9% over the past week. Additionally, Eric Trump hinted at future investments, leading to increased enthusiasm among traders.
Diversifying with TRX, AAVE, and LINK
Today, World Liberty Financial made simultaneous purchases: 19.3 million TRX, 13,261 AAVE, and 177,928 LINK, totaling $4.7 million each. These transactions, executed in a span of just 20 minutes, represent the fund’s deliberate expansion into multiple significant blockchain ecosystems, such as TRON and Ethereum.
The purchases led to an instant jump in token prices. For instance, TRX saw a 3.2% rise to reach $0.244, AAVE climbed by 6%, reaching $347, and LINK experienced a 2.7% increase to $25.80. Moreover, trading activity escalated dramatically as Binance, Coinbase, and Kraken all reported substantial increases in trading volumes for these specific assets.
TRON DAO’s Continued Investment in WLFI
Simultaneously, Justin Sun’s TRON DAO organization poured an extra $15 million into purchasing 1 billion WLFI tokens, thereby raising their total WLFI holdings to a whopping 3 billion, valued at approximately $45 million. Furthermore, Sun declared his intention to escalate TRON DAO’s investment in World Liberty Financial to a substantial $75 million, underscoring his unwavering support for the platform.
As a researcher, I have verified that TRON DAO holds approximately 3% of the total supply of WLFI tokens, making it the largest independent holder. This significant investment underscores increasing institutional trust and confidence in World Liberty Financial’s vision.
World Liberty Financial’s bold moves in investing in TRX, AAVE, LINK, ETH, WBTC, and ENA have sparked significant market action. There has been a substantial increase in large transactions and active user addresses on the TRON and Ethereum networks, indicating growing curiosity.
Additionally, in response to Donald Trump’s crypto projects and investments, Justin Sun commented,
“Building the Treasury for the Future of America”
In my analysis, I find it noteworthy that following Donald Trump’s introduction of his meme coin, Melania Trump unveiled her own MELANIA meme coin. Remarkably, this new coin soared to a value of $13 and garnered a market cap of $2 billion within mere hours. This sudden spike in demand led to significant market fluctuations, with the TRUMP coin experiencing a 35% decrease due to intense selling pressure, highlighting the high volatility in this sector.
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2025-01-20 19:22