5 hours ago
World Liberty Financial (WLFI), the decentralized concern level linked to Donald Trump and his family, purchased millions of dollars of cryptocurrencies successful a buying frenzy connected Monday hours earlier Trump's inauguration ceremony.
The protocol's wallet address bought implicit $23.5 cardinal of wrapped bitcoin (BTC), $29 cardinal of Ethereum's ETH, $4.4 cardinal of AAVE and $4.5 cardinal of Tron's TRX, blockchain information by Arkham Intelligence shows. The code besides purchased $4.5 cardinal of Ethena and $5.5 cardinal of Chainlink's LINK successful implicit a twelve transactions done decentralized speech CoW.
The transactions happened arsenic income of the protocol's governance token WLFI picked up implicit the past fewer days aft a lackluster motorboat past October. Over 21.7 cardinal of tokens ($1.08 billion) person been sold arsenic of Monday morning, implicit 85% of the full 25 cardinal supply.
World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked antecedently connected DeFi level Dough Finance, which saw $2 cardinal of crypto assets drained done a July exploit. Members of the Trump family, including Donald Trump, publically championed the task connected societal media, with the erstwhile president being titled arsenic "Chief Crypto Advocate." for the platform. Two of his sons, Eric Trump and Donald Trump Jr., are progressive arsenic "Web3 Ambassadors," portion his different lad Barron Trump is listed arsenic "DeFi Visionary."
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