World Liberty has spent $45M on ETH, cbBTC, LINK, AAVE, ENA, and ONDO tokens since Nov. 30.
Trump-backed World Liberty bought 134,216 ONDO for $250K, boosting its crypto portfolio.
World Liberty’s purchases build trust and highlight assets as its DeFi platform nears launch.
Donald Trump’s crypto project, World Liberty Financial (WLFI), recently spent $250,000 to acquire 134,216 ONDO tokens at $1.86 each. This purchase is part of a broader strategy where WLFI has invested over $45 million in various cryptocurrencies since late November.
Blockchain data firm Lookonchain reported the recent Ondo acquisition. World Liberty’s wallet transactions show significant investments in Ethereum (ETH), Aave (AAVE), Chainlink (LINK), and Coinbase Wrapped Bitcoin (cbBTC). The project’s largest purchase includes 8,105 ETH worth $30 million at an average price of $3,701.
In addition, World Liberty spent $10 million to buy 103 cbBTC at $97,181 per token. It also acquired 78,387 LINK tokens for $2 million at $25.5 and 6,137 AAVE tokens for $2 million at $326 each. Smaller purchases included 509,955 ENA tokens for $500,000 and the most recent ONDO buy. These transactions highlight the project’s aggressive efforts to diversify its crypto holdings.
Source: Arkham
Nicolai Søndergaard, a research analyst at Nansen, suggested that World Liberty’s token acquisitions could be a strategy to build trust. “To me, it is a way to gain additional trust or a way to boost the project by shedding light on these assets,” he said. He added that the project’s success could be linked to the performance of the assets it holds.
World Liberty Financial, unveiled in September, operates as a decentralized finance (DeFi) platform. DeFi projects replicate traditional financial activities, like lending and borrowing, without intermediaries. World Liberty’s founders, Chase Herro and Zachary Folkman, initially struggled to attract significant funding until crypto entrepreneur Justin Sun invested $30 million. The Trump family has since promoted the project heavily on social media and public platforms.
According to data from Nansen, World Liberty’s portfolio now includes $10.4 million in ETH, $2.2 million in LINK, and $1.4 million in AAVE. Recent price movements reflect investor confidence, with LINK rising 28% to $28 and AAVE increasing 17% to $52 since Tuesday. Ethereum also climbed about 8% to $3,932 during the same period.
World Liberty Financial recently partnered with AaveDAO to launch a version of Aave’s lending protocols. The proposal passed on Thursday, allowing WLFI to support borrowing and lending of Ether, wrapped Bitcoin, and stablecoins USDC and USDT. In exchange, AaveDAO will receive 20% of WLFI’s protocol fees and 7% of the WLFI token supply. The project also announced plans to utilize Chainlink’s services for blockchain-based data solutions.
The post Trump’s World Liberty Invests Big in ONDO, ETH, and AAVE appeared first on CryptoTale.
