World Liberty Financial (WLFI) traded millions of dollars in USD Coin (USDC) to purchase more altcoins, causing a price surge.
Trump's decentralized finance (DeFi) project World Liberty Financial has purchased thousands of altcoins, including Ethereum, Chainlink, and AAVE, using USDC in the past few hours.
According to Etherscan data from December 12, WLFI purchased over 2,631 ETH at an average price of $3,801, worth $10 million USDC.
Chainlink is the second token purchased by the Trump project, worth $1 million, equivalent to 41,335 LINK, at an average price of $24.2. Currently, the token's price has risen by 20%, reaching $29 on the day.
The project also purchased 3,357 AAVE at an average price of $297 per token, totaling $1 million in value.
Previously, Tron founder Sun Yuchen announced a $30 million investment in the project and claimed to be the largest investor.
"We are excited to invest $30 million in World Liberty Financial @worldlibertyfi, becoming our largest investor. The United States is becoming the center of blockchain, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go!" said Sun Yuchen in his post.
After the financing news was announced, cryptocurrency billionaire and Tron founder Sun Yuchen joined the project as an advisor. The company stated in a post on X that Sun Yuchen's experience will play a vital role as they continue to innovate and grow.
