Since Trump's election victory and Bitcoin breaking through the $100,000 mark, the market's focus has been on World Liberty Financial (WLFI), which has strong ties to his family. Since its launch in September 2023, WLFI has rapidly garnered extensive market attention due to its unique narrative and large-scale capital operations. Especially during December, WLFI made significant purchases of nearly $45 million worth of crypto assets, and this series of on-chain operations has brought many speculations to the market.

What tokens might WLFI continue to purchase in the future?

It should be noted that on the official website, the WLFI project has legally avoided any connection with the Trump family. The project claims to be 'the only DeFi platform inspired by Trump,' and positions such as advocates and ambassadors cannot be considered real positions of management participation. Moreover, there is a small print at the bottom of the website:

In general, the project team is openly telling everyone: 'We have countless connections with the Trump family, but in reality, there is no legal connection.' This sounds somewhat irresponsible.

It is no wonder that almost no one is buying WLFI's tokens: currently, the project website shows that the total token sales of 20 billion have only completed one-fourth of the sales target since its launch, and this is under such a bull market backdrop.

However, this does not affect the assets purchased by this project from becoming a market trend to some extent; after all, 'willing to invest in the Trump family' and 'what assets has the Trump family invested in? Can I follow suit?' are two completely different matters. In the latter, Trump's appeal as a cryptocurrency advocate is unprecedented.

Large-scale crypto asset purchases

Since November 2023, WLFI has been aggressively purchasing various mainstream and emerging crypto assets through a primary wallet address.

The assets purchased include:

ETH: Total of $30 million, purchased 8,105 ETH tokens at an average price of $3,701 per token;

cbBTC: Total of $10 million, purchased 102.9 cbBTC tokens at an average price of $97,181 per token; (subsequently switched to WBTC)

LINK: Total of $2 million, purchased 78,387 LINK tokens at an average price of $25.51 per token;

AAVE: Total of $1.91 million, purchased 5,886 AAVE tokens at an average price of $324.4 per token;

ENA: Total of $750,000, purchased 741,687 ENA tokens at an average price of $1.011 per token;

ONDO: Total of $250,000, purchased 134,216 ONDO tokens at an average price of $1.86 per token.

Subsequently, World Liberty Financial announced a collaboration with Ethena Labs, and both parties are seeking long-term cooperation, starting with Ethena's revenue token sUSDe.

It can be seen that even after several corrections following breaking the $100,000 mark and a significant crash influenced by the Federal Reserve's hawkish rate cut news, as of December 19, the six tokens purchased by WLFI maintained an increase over their 30-day trend: Bitcoin and Ethereum had increases of 10% and 15% respectively, Chainlink 65.1%, Aave 103.9%, Ethena 89.4%, and Ondo 85.1%. This means that WLFI's buying targets indeed became the market trend during the rise, allowing it to maintain a 30-day increase amidst the large correction.

What tokens might WLFI buy next?

Polychain's investment assets

On the official website, it can be seen that Luke Pearson from Polychain has become one of WLFI's advisors, and there is a considerable possibility that the purchased tokens will come from Polychain's investment portfolio. According to Rootdata, we can see that not every project in the Polychain investment portfolio has issued tokens, and those that can be considered as veteran DeFi projects are even fewer.

Top hundred DeFi assets by Coingecko market capitalization

At the same time, the assets previously purchased by WLFI are all within the top hundred list by Coingecko market capitalization, possibly due to considerations of volatility and drawdown. Additionally, regarding the cooperation between WLFI and Ethena, it is likely that their token purchases also carry subsequent cooperation considerations; using the enthusiasm and influence of purchases to collaborate with larger DeFi projects in the market, thereby enhancing WLFI's brand value as a DeFi protocol.

So what tokens can be identified based on these considerations?

Also, assets listed under Polychain's investment projects/CowSwap, and Coingecko's top hundred by market capitalization:

Maker (MKR), which has recently upgraded its brand to SKY.

Uniswap (UNI)

DYDX

Furthermore, if we consider projects that are not in Polychain's investment portfolio but have high brand value, we can include the following four tokens: Lido, Pendle, Eigen, and Curve. These projects also have some 'American attributes', making collaboration likely. If we extend the market capitalization further, then 1inch and Morpho also have a smaller chance.

Overall, WLFI's investment strategy is somewhat strategic and demonstrates strong capital operation capabilities. In the future, WLFI's purchasing targets may continue to revolve around high-quality DeFi assets within the top hundred by market capitalization, and this major correction may also become the best window for buying. During Trump's next term, WLFI's buying actions may provide important signals for investment decisions.

In January, 'the understanding king' Trump will ascend, and this time the understanding king really comes to be the emperor, with the Senate belonging to him, subsequent Congressional matters will be easily promoted. Powell said the Federal Reserve has no authority to purchase Bitcoin and does not wish to seek legislative amendments to promote this matter. However, if Trump insists on pushing Congress to legislate, it is not impossible for the U.S. to establish Bitcoin reserves, so the negative news we see today may be the reverse positive news of the future.

Additionally, in January, there will also be FTX compensation, totaling $16 billion in U.S. dollars or fiat currency compensation, which will likely flow back into the cryptocurrency market. Coupled with the resumption of U.S. ETF operations, it can be seen that January's market still holds promise, so this dip is likely to be dug out at the end of December or the beginning of January, making this timing worth paying attention to for this round of peak escape funds.