World Liberty Financial Crypto Buying Spree Hits Nearly $45M

World Liberty Financial, the cryptocurrency initiative backed by President-elect Donald Trump, has continued its aggressive crypto buying spree with a recent purchase of $250,000 worth of ONDO.

According to data from Arkham Intelligence, the decentralized finance (DeFi) project acquired 134,216 Ondo Finance (ONDO) tokens through Cow Protocol at an average price of $1.83.

Blockchain monitoring platform Lookonchain reported that since November 30, a wallet tied to World Liberty Financial has made significant acquisitions, including $30 million in Ether and $10 million in Coinbase Wrapped BTC. These purchases are part of a broader buying spree, as detailed in a December 16 post from the platform.

Trump's World Liberty(@worldlibertyfi) spent 250K $USDC to buy 134,216 $ONDO 2 hours ago.

Since Nov 30, #WorldLiberty has spent:

30M $USDC to buy 8,105 $ETH at $3,701;
10M $USDC to buy 103 $cbBTC at $97,181;
2M $USDC to buy 78,387 $LINK at $25.5;
2M $USDC to buy 6,137 $AAVE at… pic.twitter.com/0EVPCgMdMW
— Lookonchain (@lookonchain) December 16, 2024

Lookonchain reported that the project’s recent acquisition of ONDO followed a previous purchase of $500,000 worth of Ethena (ENA). A multi-signature wallet associated with the project has spent a total of $44.75 million to acquire six different tokens.

Moreover, World Liberty Financial is actively utilizing Chainlink to enhance data accuracy and facilitate cross-chain connectivity within its DeFi ecosystem. In November, the project’s governance community proposed the integration of Aave v3 on the Ethereum blockchain.

World Liberty Financial has faced challenges in meeting its target for the sale of its WLFI token, having sold less than 25% of the $300 million worth it initially offered. Despite these struggles, the project received a significant boost when TRON founder Justin Sun made a $30 million investment, becoming its largest backer.

This move not only helped stabilize the project’s financial outlook but also saw Sun take on an advisory role, further supporting its development.

ONDO Token Price Surges

Following World Liberty Financial’s recent acquisition, the ONDO token saw a notable increase of over 14% in the past 24 hours. In the past week, its value surged by 28.5%, making it a standout in the real-world assets (RWA) sector.

As of this writing, ONDO is trading at $2.04 with a trading volume of $583.84 million, per CoinMarketCap data. This significant price movement highlights the growing interest and attention in ONDO, particularly after getting a nod from World Liberty Financial.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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