Donald Trump connected with World Liberty Financial to purchase $12 million worth of Ethereum, Chainlink, and Aave.
World Liberty Financial Initiative (WLFI), a DeFi project backed by US President-elect Donald Trump, recently made headlines with its $12 million cryptocurrency acquisition.
On December 12, blockchain analytics firm Lookonchain reported that WLFI acquired 2,631 ETH for $10 million at $3,801 per token. They also purchased 41,335 LINK and 3,357 AAVE, investing $1 million each.
These purchases brought the value of the project’s cryptocurrency holdings to over $74.7 million, according to Arkham Intelligence data. WLFI currently holds approximately 14,576 ETH (worth over $57 million), 102.9 cbBTC (worth $10.3 million), and other assets such as USDC, along with newly acquired LINK and AAVE.
WLFI’s significant cryptocurrency purchases appear to have had an impact on market conditions. According to CryptoSlate’s Data shows that both LINK and AAVE recorded price increases exceeding 25% within 24 hours.
WLFI aims to establish itself as a leading DeFi platform providing lending, lending, and digital asset investment services. It is also said to be planning to introduce proprietary stablecoins and tools to access third-party DeFi applications.
market impact
The cryptocurrency community has been abuzz with speculation about WLFI’s recent moves. Some believe the asset choice is in line with the cryptocurrency-friendly agenda expected from the Trump administration.
Anonymous cryptocurrency trader Flow Horse suggested that WLFI may have made strategic investments in tokens expected to succeed under favorable US regulations.
Meanwhile, other industry analysts also note WLFI’s focus on DeFi and see the purchase of LINK and AAVE as a sign of confidence in decentralized finance technology for speculative assets such as memecoins.
Zach Rynes, Community Liaison at Chainlink, emphasized: adopted Chainlink price feed for WLFI’s Aave V3 integration could be the driving force behind the acquisition. He also noted that the purchase may reflect confidence in a more supportive regulatory environment under President Trump’s leadership.
Trump’s evolving stance on cryptocurrencies fuels this narrative. Over the past year, the president-elect has been a strong advocate for the industry during his campaign and has made a series of cryptocurrency advocacy appointments, including appointing David Sachs as White House cryptocurrency czar.
Observers said these efforts demonstrate a commitment to delivering on promises of regulatory clarity and industry support.
