World Liberty Financial (WLFI), a cryptocurrency project supported by President-elect Donald Trump, sparked significant market movements early Thursday by purchasing millions of dollars in Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
The project’s multisig wallet spent $10 million on ETH and $1 million each on LINK and AAVE, causing LINK and AAVE prices to jump 30% and ETH to rise nearly 7%.
World Liberty Financial Makes Strategic Token Acquisitions
Web3 on-chain analytics tool Lookonchain revealed that World Liberty Financial’s multisig wallet acquired 2,631 ETH at an average price of $3,801, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8. This marked the project’s first purchase of AAVE and LINK tokens, signaling a strategic diversification of its holdings.
Spot On Chain also reported that the project had spent $30 million in the past 12 days to acquire 8,105 ETH at an average price of $3,700. The purchases are viewed as part of broader strategic initiatives for World Liberty Financial’s platform, which integrates with DeFi protocols to offer borrowing, lending, and liquidity services.
“Trump’s account is buying the crypto pairs that are set to benefit heavily from his plans,” speculated a prominent crypto trader, @TheFlowHorse, on X.
World Liberty Financial utilizes Chainlink’s data services to enhance integration with the broader crypto ecosystem. The platform relies on Chainlink’s pricing data and cross-chain interoperability tools.
Additionally, World Liberty Financial’s decentralized autonomous organization (DAO) has proposed deploying an Aave v3 instance on Ethereum. This deployment would leverage external risk managers and aims to attract first-time DeFi users while sharing revenue with liquidity providers. The proposal, which has already met quorum, reflects the platform’s ambition to scale its offerings.
“Trump’s World Liberty Financial is adopting Chainlink Price Feeds for their Aave V3 instance, so it makes sense. But the value of LINK goes far beyond that, connecting the global financial system to blockchains. Nobody is better positioned to benefit from a positive US regulatory environment,” Chainlink community liaison Zach Rynes commented.
Market Impact for ETH, LINK, and AAVE
The strategic purchases by World Liberty Financial have reverberated across the market. LINK and AAVE’s 30% price surges reflect investor confidence in the tokens’ roles within the platform’s ecosystem. Meanwhile, ETH’s 7% gain bolsters its position as a reserve asset, with over $50 million of ETH held by the project.
ETH/USDT, LINK/USDT, AAVE/USDT Price Performance. Source: TradingView
Meanwhile, the ongoing accumulation of ETH, among others, aligns with the project’s vision of deeper engagement with the crypto economy. President-elect Donald Trump’s leadership as “chief crypto advocate” has brought high-profile attention to World Liberty Financial.
His sons, Eric and Donald Trump Jr., serve as “Web3 ambassadors,” while Barron Trump holds the title of “DeFi visionary.” Together, they aim to position the US as a global leader in crypto adoption.
“This platform will help make America the crypto capital of the world,” Eric Trump declared during the project’s launch.
Since October, the initiative has raised over $55 million through its WLFI token sale, accepting ETH, USDC, and USDT from accredited investors. However, this figure remains far below its $300 million fundraising goal.
World Liberty Financial Sales. Source: Dune Analytics
The project’s treasury, managed through a limited liability company, holds nearly $73 million in cryptocurrencies, including wrapped Bitcoin (cbUSD), USDC, USDT, and altcoins. Onchain activity shows frequent trades via CoW Swap, a decentralized exchange optimized for cost-efficient transactions.
Despite these efforts, the project faces challenges in meeting its fundraising targets after failing to impress crypto investors during its debut.
