Trump-Linked Crypto Platform Throws Over $100M on WBTC, ETH, Other Tokens Ahead of Inauguration

Trump-Linked Crypto Platform Throws Over $100M on WBTC, ETH, Other Tokens Ahead of Inauguration

World Liberty Financial Buys $100 Million in Crypto Tokens Ahead of Trump’s Inauguration

World Liberty Financial (WLFI), the decentralized finance (DeFi) platform associated with incoming U.S. President Donald Trump, made a massive crypto purchase on Monday morning, buying over $100 million worth of digital assets just hours before Trump’s inauguration.

The protocol’s wallet, tracked by on-chain data from Arkham Intelligence, spent a combined $47 million on wrapped Bitcoin (wBTC) and Ethereum’s ETH, $4.4 million on AAVE, $4.5 million on Tron's TRX, $4.5 million on Ethena's ENA, and $5.5 million on Chainlink's LINK. The purchases were executed across multiple transactions on decentralized exchange CoW.

This buying spree comes as the sale of WLFI’s governance token gained momentum after a slow start in October. According to the project’s website, over 85% of the total 25 billion WLFI token supply had been sold by Monday morning, amounting to more than $1.08 billion in sales.

WLFI is led by Zachary Folkman and Chase Herro, who previously worked on the DeFi platform Dough Finance. Dough was hit by a $2 million exploit in July, drawing attention to the potential risks in the DeFi space. The platform has received significant promotion from members of the Trump family. Donald Trump himself has been publicly named as the “Chief Crypto Advocate” for WLFI, while his sons, Eric and Donald Trump Jr., serve as “Web3 Ambassadors.” Barron Trump, his youngest son, is listed as a "DeFi Visionary."

The sudden surge in WLFI token purchases indicates growing interest and confidence in the platform, which has become closely associated with Trump’s new crypto agenda. As the platform’s token sales reach new highs, many are watching to see if WLFI will play a larger role in the future of decentralized finance under Trump’s administration.

World Liberty Financial's (WLFI) massive crypto purchases on the morning of January 20, 2025, come at a pivotal time, just hours before Donald Trump's inauguration as the 47th U.S. President. The decentralized finance (DeFi) platform, closely tied to the Trump family, made substantial investments in a variety of major cryptocurrencies, including wrapped Bitcoin (wBTC), Ethereum (ETH), AAVE, Tron (TRX), Ethena’s ENA, and Chainlink (LINK). 

These purchases total more than $100 million, underscoring WLFI’s aggressive strategy to expand its presence in the crypto market. The protocol used a decentralized exchange, CoW, to facilitate its transactions. In a move that signals growing confidence in WLFI’s future, the platform has quickly gained traction, with more than 85% of its governance token supply already sold. This rapid uptake, amounting to over $1.08 billion in sales, comes after a slow start in October 2024, marking a significant rebound for the platform.

WLFI is headed by Zachary Folkman and Chase Herro, who previously worked on the DeFi platform Dough Finance. Though Dough was involved in a $2 million exploit last year, the team behind WLFI has been working to solidify the platform’s credibility. WLFI has drawn significant attention from the Trump family, with Donald Trump named as the platform's "Chief Crypto Advocate" and his sons, Eric and Donald Trump Jr., taking on roles as "Web3 Ambassadors." Barron Trump, Trump's youngest son, is also involved as a “DeFi Visionary,” emphasizing the family’s deepening involvement in the rapidly evolving crypto space.

The connection to Donald Trump, who has been a vocal supporter of cryptocurrency and blockchain technology, has helped bring WLFI into the mainstream. Investors are now watching closely to see if WLFI can maintain this momentum and solidify its position as a major player in the DeFi sector. The significant purchases and successful token sales suggest that WLFI may play an influential role in the future of digital assets and decentralized finance, especially under the new administration.

As the platform continues to expand and attract attention, many are speculating that WLFI could become a key player in the crypto world, leveraging Trump’s political influence to push for broader crypto adoption and regulation. The buying frenzy and the rapid token sales indicate that WLFI has the potential to capitalize on the increasing interest in decentralized finance and could soon set a new standard for DeFi platforms.