World Liberty Financial (WLFI), the ambitious cryptocurrency project of Donald Trump, has spent 250,000 US dollars to purchase 231,726 Ethena (ENA) tokens through Cow Protocol. According to data from Arkham Intelligence, this move increases WLFI's total ENA holdings to 741,687 tokens.

In the purchase in December, WLFI spent nearly 45 million dollars, significantly expanding its position in various cryptocurrencies. Specifically:

  • 30 million dollars were spent to buy 8,100 ETH.

  • 10 million dollars were invested in Coinbase Wrapped Bitcoin (cbBTC).

  • 2 million dollars were allocated to LINK and AAVE.

  • 250,000 dollars were used to purchase 134,216 Ondo (ONDO) tokens through Cow Protocol on December 16.

Source: Arkham

WLFI's tokens have seen an increase in value as the market reacted to these transactions. Some key assets of WLFI have surged, with Chainlink (LINK) leading with a 28% increase, reaching 28 dollars. Aave (AAVE) followed with a 17% increase, up to 52 dollars, while Ethereum (ETH) rose 8%, trading at 3,912 dollars.

WLFI's purchases have fueled speculation about the project's ability to bolster confidence in these tokens. WLFI's platform has partnered with AaveDAO, using Aave's protocols for lending and borrowing services. In return, AaveDAO receives 20% of the revenue from WLFI's fees and 7% of the total token supply.

The involvement of Justin Sun, the founder of TRON, with a 30 million dollar investment in WLFI, has sparked a wave of controversy. However, his support will certainly strengthen WLFI's strategy.

However, WLFI has faced several challenges since its launch in September. Although the initial token sale generated 220 million dollars, doubts about the authenticity of the wallet during the launch have raised questions about the project's reliability.

Despite a strong start, WLFI's token sales have slowed significantly. Nevertheless, Trump's project continues to grow, thanks to his personal reputation and strategies to attract investors.



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