According to data from Arkham, the multi-signature address of the DeFi project World Liberty Financial, supported by the Trump family, has purchased a large amount of cryptocurrency through the CoW Protocol in the past 10 hours.
Data shows that the project has purchased a total of:
2,631 ETH, invested 10 million USDC.
41,335 LINK, invested 1 million USDC.
3,357 AAVE, invested 1 million USDC.
At the time of writing, the project's largest holding is Ether, with a total value of about 57 million USD, most of which was purchased in the past few weeks. Converting stablecoins to ETH seems to indicate that World Liberty Financial is seeking deeper involvement in the crypto economy, and it may also mean that the team believes ETH is a better reserve asset than the US dollar.
On the other hand, it seems that these USDC came from the profits obtained from the WLFI token sale, and the sale terms announced by World Liberty Financial clearly state that the limited liability company established by the Trump family to manage the project will receive 75% of the WLFI token sale proceeds and can manage the finances in a manner it deems appropriate.
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