The post Trump’s World Liberty Acquires ETH, LINK, and AAVE in $12M Crypto Shopping Spree appeared on BitcoinEthereumNews.com.

World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative endorsed by President-elect Donald Trump, has made headlines with a significant $12 million purchase. Using USD Coin (USDC), WLFI acquired various tokens, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). WLFI’s Crypto Buying Spree Blockchain analytics platform Lookonchain reported that the transactions were recorded on December 12 via WLFI’s multi-signature wallet. Data from Etherscan shows the fund bought $10M worth of ETH at $3,801 per token, $1M worth of 41,335 LINK at $24.2 each, and $1 million in 3,357 AAVE at $297.8 per token. According to SpotOnChain, this is WLFI’s first purchase of LINK and AAVE. The firm also revealed that over the past 12 days, the organization had spent a total of $30 million to buy 8,105 ETH at an average price of $3,701. The buying spree follows a $30 million investment by Tron founder Justin Sun, who recently became WLFI’s largest investor. Sun expressed his enthusiasm for the development in a November 25 X post.  “We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor.” The following day, WLFI confirmed that the Tron founder had joined the project as an advisor. Launched in September, World Liberty positions itself as a decentralized money market offering users the ability to borrow, lend, and earn interest on crypto assets. The project initially faced some financial challenges due to early sales failing to reach the expected $300 million target. This situation led to it scaling down its fundraising target to $30 million. Despite the problems, data from its website indicates it has successfully raised over $66.4 million by selling 4.43 billion tokens. Strategic Partnership with Chainlink to Boost DeFi Adoption In another related development, the platform recently announced a partnership with Chainlink on November 14 to accelerate…

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Filed under: News - @ December 12, 2024 10:24 am