World Liberty Financial (WLFI), the decentralized finance (DeFi) platform funded by Donald Trump and his household, has made information for its latest acquisition of ONDO tokens. According to Arkham Intelligence’s on-chain statistics, on December 16, 2024, WLFI bought 134,216 ONDO tokens by way of the Cow Protocol for about $250,000 USDC.
This strategic transfer demonstrates not solely WLFI’s and the incoming US president’s increasing significance within the crypto sector, but additionally the rising curiosity in ONDO, which serves as Ondo Finance’s governance token.
A Bold Investment Strategy
For World Liberty Financial, the acquisition of ONDO suits into their complete investing technique. The enterprise has purchased over $44 million value of cryptocurrencies—together with Ethereum, Aave (AAVE), and Chainlink—throughout the previous six weeks alone. WLFI paid roughly $30 million for about 8,100 ETH. WLFI is devoted to boost its diversified cryptocurrency stock.
The timing is sort of vital. Recently, ONDO seen a major worth rise; it surged 15% in simply 24 hours after phrase of WLFI’s involvement. Right now, ONDO ranks 53rd on CoinMarketCap’s listing of prime cryptocurrencies by market capitalization and trades at about $2.06. The larger commerce quantity implies that the help of the Trump household for this venture might be driving investor curiosity.
The Trump Effect On Cryptocurrencies
Trump’s presence within the cryptocurrency area has generated numerous curiosity and skepticism. The Trump household, who’re well-known for his or her audacious statements and vital clout, has promoted WLFI as a cryptocurrency lending, borrowing, and interest-earning platform. The venture’s goal is to turn out to be a decentralized cash market that has the ability to rework how people cope with digital belongings.
Furthermore, Justin Sun is a widely known face within the cryptocurrency world and likewise the founding father of TRON, which just lately invested $30 million in WLFI by shopping for its native token. His funding in WLFI makes the venture even stronger by way of credibility and development prospects. He highlighted that “the US is becoming the blockchain hub,” that means initiatives like WLFI might find yourself enjoying an vital half on this shift.
Looking Ahead
As World Liberty Financial expands its cryptocurrency holdings and attracts high-profile buyers, it raises considerations about the way forward for DeFi underneath Trump’s administration. The venture seeks to carve out a place in an more and more crowded sector whereas managing regulatory hurdles. Investors are eagerly watching how these adjustments play out within the quick altering cryptocurrency market.
World Liberty Financial’s latest acquisition of ONDO tokens marks an thrilling chapter for each the platform and its supporters. With substantial investments and strategic strikes in play, WLFI is poised to make waves within the DeFi sector because it prepares for its official launch and goals to redefine monetary interactions within the digital age.
Featured picture from CNN, chart from TradingView
