3 hours ago
World Liberty Financial Initiative (WLFI), a DeFi task backed by US President-elect Donald Trump, has made headlines with a caller $12 cardinal crypto acquisition.
On Dec. 12, blockchain analytics steadfast Lookonchain revealed that WLFI acquired 2,631 ETH for $10 cardinal astatine $3,801 per token. Additionally, it bought 41,335 LINK and 3,357 AAVE, investing $1 cardinal successful each.
According to Arkham Intelligence data, these purchases person boosted the project’s crypto holdings to a worth exceeding $74.7 million. WLFI present holds astir 14,576 ETH (worth implicit $57 million), 102.9 cbBTC (valued astatine $10.3 million), and different assets similar USDC alongside its recently acquired LINK and AAVE.
WLFI’s important crypto acquisition appears to person influenced marketplace conditions. According to CryptoSlate’s data, some LINK and AAVE recorded terms increases exceeding 25% wrong 24 hours.
WLFI aims to presumption itself arsenic a leading DeFi platform that offers lending, borrowing, and integer plus concern services. It besides reportedly plans to present a proprietary stablecoin and tools for accessing third-party DeFi applications.
Market implications
The crypto assemblage has been buzzing with speculation astir WLFI’s caller moves. Some judge the plus choices align with a pro-crypto docket anticipated nether Trump’s administration.
A pseudonymous crypto trader, Flow Horse, suggested that WLFI whitethorn person strategically invested successful tokens expected to thrive nether favorable US regulations.
Meanwhile, different manufacture analysts besides constituent to WLFI’s absorption connected DeFi, viewing the LINK and AAVE purchases arsenic a awesome of assurance successful decentralized fiscal technologies implicit speculative assets similar memecoins.
Chainlink’s Community Liaison, Zach Rynes, highlighted that adopting Chainlink Price Feeds for WLFI’s Aave V3 integration could beryllium a driving origin down the acquisition. He besides noted that the purchases mightiness bespeak assurance successful a much supportive regulatory situation nether Trump’s leadership.
Trump’s evolving stance connected crypto further fuels this narrative. Over the past year, the President-elect powerfully advocated for the manufacture during his run and has made a bid of pro-crypto appointments, including that of David Sachs arsenic the White House Crypto Czar.
Observers said these efforts show a committedness to delivering connected his regulatory clarity and manufacture enactment promises.
The station Donald Trump linked World Liberty Financial purchases $12 cardinal Ethereum, Chainlink, and Aave appeared archetypal connected CryptoSlate.
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