Author: Jesse Coghlan, CoinTelegraph; Translated by: Deng Tong, Golden Finance
Donald Trump's cryptocurrency project World Liberty Financial made a large-scale cryptocurrency purchase in December, and after buying $250,000 worth of Ondo (ONDO), the total expenditure is now nearing $45 million.
According to data from blockchain monitoring accounts Lookonchain and Arkham Intelligence, since November 30, the World Liberty wallet has purchased $30 million worth of Ethereum and $10 million worth of Coinbase Wrapped BTC (cbBTC) along with several other tokens.
Lookonchain shows that the most recent purchase was around 11 PM on December 15, where $250,000 worth of Ondo was bought, and approximately a day earlier, $500,000 worth of Ethena was purchased.
Prior to this, the company purchased $2 million worth of Chainlink and Aave tokens, bringing its total token purchases for this month to $44.75 million.
The project was announced in September, claiming to be a decentralized finance (DeFi) platform for trading cryptocurrencies, naming the elected president Trump as its 'chief cryptocurrency advocate,' and listing his sons Donald Jr., Eric, and Barron as 'ambassadors.' Companies associated with the family are entitled to 75% of the net income.
Nansen research analyst Nicolai Søndergaard recently pointed out that World Liberty's token purchase could be 'a way to gain additional trust, or a way to promote the project by revealing these assets, as if these assets perform well, the project may perform well.'
The project has been striving to achieve its sales target for its token named World Liberty Financial (WLFI). So far, the company has sold less than a quarter of the $300 million WLFI it has offered.
However, last month, Tron blockchain founder Justin Sun acquired $30 million worth of Bitcoin, becoming the largest investor in the project, later also becoming an advisor to the project.
Sun and Tron have been accused by the U.S. Securities and Exchange Commission of selling unregistered securities—Trump promised to reform the agency thoroughly to make it more cryptocurrency-friendly.
Meanwhile, on December 13, the autonomous community behind the DeFi protocol Aave, AaveDAO, approved a proposal from World Liberty to allow it to deploy an Aave instance—its own version of the protocol.
World Liberty proposed allowing lending of Ethereum, Wrapped Bitcoin (WBTC), as well as stablecoins USD Coin and Tether. The company will also distribute 20% of the fees generated and 7% of the WLFI supply (worth $21 million) to AaveDAO, priced at 1.5 cents.
