Trump-Backed World Liberty Financial Acquires $12M in ETH, LINK, AAVE

World Liberty Financial (WLFI), the decentralized finance initiative backed by President-elect Donald Trump, has acquired significant amounts of Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) using USD Coin (USDC). Ethereum’s price surged 6.86% within 24 hours of the purchase.

On December 12, WLFI processed $12 million in cryptocurrency transactions through its multi-signature wallet, according to blockchain data from Etherscan. The purchases included 2,631 ETH tokens at an average price of $3,801 each, amounting to $10 million. This acquisition significantly boosted WLFI’s Ethereum holdings to over 14,500 ETH, with a total value exceeding $56 million.

The project’s cryptocurrency portfolio showcases a diverse range of assets, including 14,573 ETH, 3.108 million Tether (USDT), 1.15 million USDC, 41,335 LINK, and 3,357 AAVE. The holdings also feature smaller investments in LimeWire (LMWR), Alchemy Pay (ACH), Wrapped Ether (WETH), Safe (SAFE), and Uniswap (UNI), reflecting a broad strategy to engage with various digital assets across the crypto market.

The recent acquisition marks WLFI’s first-ever purchase of AAVE and LINK, indicating a strategic step into DeFi assets. The project allocated $1 million each for the purchases, which coincided with notable market gains — LINK surged by more than 20%, while AAVE climbed over 33% within a single day.

Additionally, In the last 12 days, World Liberty Financial has allocated $30 million USDC to purchase 8,105 ETH, with the acquisition made at an average price of $3,701 per token.

The recent surge in crypto acquisitions by WLFI followed a significant $30 million investment from TRON founder Justin Sun. His backing emphasized his strong belief in the project’s potential and its future in the DeFi sector.

Sun’s involvement extends beyond the financial contribution, as he has also taken on an advisory role. The goal is to leverage his expertise and influence in the crypto industry and help guide the project’s development and future direction.

Launched in September 2024, WLFI aims to establish itself as a decentralized money market platform, offering users the ability to borrow, lend, and earn interest on various cryptocurrency assets. Although WLFI adjusted its initial fundraising target, the project has successfully raised over $55 million to date. Its success has also been fueled by strategic partnerships and endorsements, positioning it as a key player in the rapidly evolving crypto space.

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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