The post Whale buys into WLFI after rumors of a crypto-friendly executive order under Donald Trump’s presidency appeared on BitcoinEthereumNews.com.

World Liberty Financial saw a significant inflow of purchases, after a whale bought WLFI tokens valued at $3M. In a single transaction, the whale acquired 200M WLFI, or 1% of the token’s total supply.  A whale purchase flowed into World Liberty Financial (WLFI), the Trump-backed DeFi fund. The purchase was for 200M WLFI tokens, making up 1% of the supply. The recent purchase arrives after rumors of a crypto-friendly executive order coming immediately after Donald Trump takes office.  The whale purchase also happened on a day of expanding crypto exuberance, where Bitcoin (BTC) recovered by $5,000 in a day, and Ethereum (ETH) erased its dip under $3,000 within hours. With days until the beginning of Trump’s second term, the market is trying to extend the post-election rally from the last months of 2024.  WLFI was bought up more slowly than expected, as the project is capped at $30M instead of the initial $300M. World Liberty Financial launched at a time when fundraising for crypto shifted to memes, with little remaining interest for selling non-transferable tokens.  The WLFI token is still not in circulation or traded, and has a fixed price of $0.15. Once the entire token supply is sold, WLFI will start issuing passive yield.  The fund will launch a version of Aave, tapping passive income from crypto lending. The WLFI token will be used for voting and governance, and there is no fixed timeline on becoming a tradable asset. Aave’s model turned out to be one of the most appealing in DeFi, offering accessible loans for trading, especially during the bull market.  New purchase came from high-activity wallet  The new purchase came from a high-activity wallet, used as an intermediary. The address is also tagged as a multisig owner, potentially belonging to a DeFi project. The purchase is a…

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Filed under: News - @ January 14, 2025 12:27 pm