Trump-backed World Liberty Financial purchases 220,000 LINK worth about $5.63 million
On-chain data platform Onchain Lens tweeted that the Trump-backed crypto venture World Liberty Financial has purchased about 177,928 LINK tokens today worth over $4.7 million. The crypto venture purchased other coins, including 19.29 million TRX worth $4.7 million, 13,261 AAVE worth $4.7 million, 2,815 Ether worth $9.4 million, 43.46 WBTC worth $4.7 million, and 1,017,229 ENA worth $940,000.
On-chain data platform Onchain Lens tweeted that the Trump-backed crypto venture World Liberty Financial has purchased about 177,928 LINK tokens today worth over $4.7 million. The crypto venture purchased other coins, including 19.29 million TRX worth $4.7 million, 13,261 AAVE worth $4.7 million, 2,815 Ether worth $9.4 million, 43.46 WBTC worth $4.7 million, and 1,017,229 ENA worth $940,000.
The decentralized on-chain data platform Arkham Intelligence revealed that the most recent purchases had boosted the company’s token holdings to over $321 million. The company now holds over $160 million worth of ETH, over $73 million in USDT, over $53 million in USDC, over $11 million in WBTC, over $6 million in LINK, over 6 million in AAVE, over $4 million in TRX, and over $3 million in ENA.
The purchases came on the day of President Donald Trump’s inauguration, which significantly fueled the momentum in crypto markets. Bitcoin skyrocketed to above $109,000 before dropping to around $108,000. The spike benefited BTC holders, with 100% of the holders being in profit today for the first time since the previous BTC ATH.
World Liberty Financial TRX purchases were also expected after a company’s spokesperson reportedly confirmed the plans over the weekend. Tron and its founder, Justin Sun, are among some of the financial company’s long-standing partners, alongside Chainlink and Aave.
World Liberty partnered with Chainlink in November last year as the company’s standard for on-chain data and cross-chain interoperability. The company also proposed in October last year to launch its platform on Aave V3 to leverage the blockchain’s scalability and security.
World Liberty Financial purchases new Ethereum domain names
BREAKING: Donald Trump's crypto platform, World Liberty Financial, buys 3 new domain names in the last 24 hours:
1. trumpcoin.eth
2. erictrump.eth
3. barrontrump.ethAre they preparing for another memecoin launch? https://t.co/D6tgRswivz pic.twitter.com/kssDe140zE
— The Kobeissi Letter (@KobeissiLetter) January 20, 2025
The crypto and capital markets commentary platform The Kobeissi Letter announced recently that World Liberty Financial had also purchased 4 Ethereum domain names on Sunday. The domain names sparked speculations about the Trump family launching more memecoins in the near future. The company acquired trumpcoin.eth, barrontrump.eth, erictrump.eth, and worldliberty.eth domains through the Ethereum Name Service (ENS).
President Trump launched his memecoin $TRUMP on January 17, with the coin gaining traction today and becoming one of the top 20 cryptos in the market today. The memecoin had crossed the $11.7 billion market cap mark as its price surged above $60. $TRUMP was corrected later to a little over $10 billion in the market at a price slightly above $53. The memecoin is currently the 18th largest coin among all crypto.
Trump’s wife also launched her memecoin over the weekend, dubbed $MELANIA, and it is now ranking among the top 100 coins. The memecoin, which has accumulated a market cap of above $1.6 billion, is currently the 67th crypto overall.
Some analysts are still skeptical about the memecoins’ performance over the last week, doubting the long-term viability of $TRUMP and $MELANIA. The deVere Group Chief Executive of Financial Advisory Nigel Green reportedly commented that investors needed to recognize the difference between memecoins with long-term utility and value and speculative memecoins.
World Liberty Financial sells over 20% of its token supply
We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply. Please be patient while our team works to relaunch the sale. We’ll share updates here as soon as…
— WLFI (@worldlibertyfi) January 20, 2025
Among the major financial decisions the company announced was World Liberty Financial’s sale of over 20% of its native token, WLFI, maximum supply. The company further mentioned that it had put 5% more of its token supply up for sale due to the increased demand and interest in the DeFi project. The Trump-backed venture further assured investors that the platform was working toward relaunching a second part of the sale.
Justin Sun has been one of the major investors in the WLFI token, purchasing about $30 million worth of tokens in November. The Tron founder added in his November announcement that the president would make the U.S. a blockchain hub. Sun increased his investment into World Liberty Financial by $45 million on January 20.
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