- December 13, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Donald Trump’s World Liberty Financial Adds $1M LINK and $246K AAVE appeared first on Coinpedia Fintech News
As the World Liberty Financial (WLFI) protocol prepares to launch its core products in the secondary markets, it has attracted significant investment in the recent past. The Web3 platform backed by President-elect Donald Trump intends to disrupt the traditional banking industry with the help of existing blockchain rails.
Mid-last month, Justin Sun, founder of the Tron (TRX) network, announced a $30 million investment into World Liberty Financial, thus becoming the largest investor. Currently, World Liberty Financial has sold about 4.45 billion WLFI tokens at a price of about $0.015, thus remaining 15.4 billion tokens, which will be sold in the ongoing public sale.
World Liberty Financial’s Diversified Crypto Portfolio
As the World Liberty Financial Aave v3 instance on Ethereum Mainnet prepares to launch in the near term, the team has made strategic moves to improve its liquidity. According to on-chain data analysis, World Liberty Financial has accumulated digital assets worth more than $75 million, mostly consisting of Ethereum (ETH).
Since November 30, 2024, World Liberty Financial has spent 30 million USDC to purchase 8,105 ETH at an average price of $3,701. The firm has also spent 10 million USDC to purchase 103 Coinbase-backed cbBTC.
In the DeFi space, World Liberty Financial has spent 2 million USDC to purchase 78,387 Chainlink (LINK). Additionally, World Liberty Financial has spent 1.25 million USDC to purchase 4,043 AAVE.
Market Impact
Following the notable support of Chainlink and AAVE crypto projects by World Liberty Financial, their underlying values have surged in the recent past. According to the latest market data, LINK price surged over 10 percent to trade around $30 on Friday during the earlier Asian session.
Similarly, AAVE’s price surged over 10 percent in the past 24 hours to trade above $379 at the time of this writing. The mid-cap altcoin, with a fully diluted valuation of about $6 billion and a daily average traded volume of around $3 billion, is aiming to retest its all-time high amid the ongoing altseason.
