An analyst of Nansen research, Nicolai Sondergaard gave an interview to Bloomberg in which he revealed that the token purchases of the World Liberty could be a way to achieve additional trust.
On December 13, AaveDAO, an independent cumulative behind the DeFi protocol Aave, passed the proposal of World Liberty to permit it to deploy an Aave instance.
The project got revealed in September, accounts itself as a decentralized finance (DeFi) platform for trading crypto that registers president-elect Trump as its main crypto advocate.
The Crypto project of Donald Trump, World Liberty Financial has been on a significant crypto purchasing spree this month, now it is close to a total spend of $45 million after purchasing $250,000 of Ondo (ONDO).
Since the beginning of this month, a World Liberty wallet has bought $30 million worth of Ether along with $10 million worth of Coinbase Wrapped BTC (cbBTC) with other significant purchases, as per a December 16 X post from the blockchain monitoring account Lookonchain and data from Arkham Intelligence.
The significant purchases
The blockchain monitoring account revealed that the most recent purchase of World Liberty at about 11 pm UTC on December 15 was for around $250,000 worth of Ondo about a day after it purchased $500,000 worth of Ethena (ENA). Before this, it had bought $2 million of Chainlink and Aave driving its total token purchases for December to $44.75 million.
The project got revealed in September, accounts itself as a decentralized finance (DeFi) platform for trading crypto that registers president-elect Trump as its main crypto advocate and his Eric and Barron Trump as its ambassador. A company associated with the family is permitted a 75% of net revenues.
What did the analyst reveal?
An analyst of Nansen research, Nicolai Sondergaard gave an interview to Bloomberg in which he revealed that the token purchases of the World Liberty could be a way to achieve additional trust or a way to intensify the project by highlighting these assets as the project will probably perform well if these assets do.
The project has given a lot of efforts in meeting the goal for the sale of its self-titled World Liberty Financial (WLFI) token. Also, it has already sold less than a quarter of the $300 million WLFI it kept for sale.
Although, it got a hype in November after Justin Sun, the Tron blockchain founder purchased $30 million worth and became the biggest investor of the project and was then later added as an adviser.
Both Sun and Tron have been claimed of selling unregistered securities. The claims were made by the Securities and Exchnage Commission. This agency will be transformed to be more crypto-friendly by the new president Donald Trump.
At the same time, on December 13, AaveDAO, an independent cumulative behind the DeFi protocol Aave, passed the proposal of World Liberty to permit it to deploy an Aave instance, its own version of the protocol. World Liberty also proposed permission for the borrowing and lending of Ether, Wrapped Bitcoin (WBTC) and Tether.
