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Cryptopolitan 2025-01-24 07:22:25

Trump family crypto project World Liberty Financial (WLF) continues to stack coins amid market correction

World Liberty Financial (WLF) bought 10.61M TRX for $2.65M USDT today amid a cryptocurrency market correction. Trump-linked WLF also purchased another 3,079 ETH for $10M USDC in the past six hours. World Liberty Financial also swapped 4,700 ETH worth $15.68M into 4,700 stETH and stacked it with Lido Finance. The cryptocurrency project has staked a total of 14,701.58 ETH worth $49M. World Liberty Financial accumulates more cryptocurrencies In the past 4 hours, #Trump 's World Liberty Finance ( @worldlibertyfi ) bought: – 10.61M $TRX for $2.65M $USDT – 3,079 $ETH for $10M $USDC They also swapped 4,700 $ETH worth $15.68M into 4,700 $stETH and staked it with @LidoFinance . In total, they have staked 14,701.58 $ETH worth… pic.twitter.com/WrzpDltSM7 — Onchain Lens (@OnchainLens) January 23, 2025 The crypto market underwent a correction on Tuesday after Trump was sworn in on Monday. Bitcoin dropped from its all-time high of $108K and was exchanging hands at $104K at the time of publication. Despite the market correction, the Trump family project World Liberty Foundation has accumulated cryptocurrencies worth $49M in the past six hours. On-chain data showed that WLF bought an additional $9.8 million worth of wrapped bitcoin (WBTC) yesterday. The decentralized finance (DeFi) project also purchased another $2.6 million worth of TRX. Arkham showed that World Liberty Financial now held $370 million worth of cryptocurrencies. WLF holds $183.95 million worth of ETH, $57.29M worth of WBTC, $43.91M USDC, $10.28M TRX, and $8.42M worth of USDT. WLF purchases came as sales of the project’s own tokens headed into the final stage, with 2.4 billion WLFI tokens, a total of 25 billion, still available. Since the sale of WLFI went live in September, the project has raised a total of $1.1 billion. WLF also announced on Tuesday that it purchased several cryptocurrencies to commemorate Trump’s inauguration as the 47th President of the U.S. The project purchased $47 million worth of ETH and WBTC each. WLF also bought $4.7M worth of Aave, LINK, TRX, and ENA each. The cryptocurrency project also invested $32.8 million in 7,022 SETI, $14.7 million in 5,037 MENA, and $18.8 million in 7,413 SWEAT. Spot On Chain revealed the purchases were part of a broader strategy to expand WLF’s market footprint and capitalize on opportunities across the crypto space. Since its launch, Trump’s family has promoted the project, and DT Marks DEFI, LLC, a company associated with the President, is expected to receive 75% of the WLF’s revenue. The Arkham analytic platform also indicated Donald Trump’s Liberty Financial (WLFI) had become a top 0.1% holder of staked Ethereum (stETH) after accumulating $33 million stETH. The timing of these investments coincided with renewed interest in the platform, fueled by Trump and Melania’s launch of TRUMP and MELANIA memecoins on the Solana blockchain. WLF heightens interest in the crypto industry World Liberty Financial’s recent purchases came amid the changing landscape of the U.S. crypto regulation. The new Trump administration will embrace more pro-crypto policies after the expected departure of Gary Gensler as SEC chair. Tron founder Justin Sun, who invested $30 million in WLFI tokens in November, revealed he was optimistic about the future of crypto under the Trump administration’s anticipated stance. Sun also revealed on Monday another investment of $45 million in WLFI tokens, which pushed TRON DAO’s total portfolio in WLFI to $75M. “In my view, if I have made any money in cryptocurrency, all credit goes to President Trump. Both Trump Coin and World Liberty Financial are bound to perform exceptionally well.” – Justin Sun , founder of Tron Sun also emphasized that he was looking forward to seeing the Trump administration’s pro-crypto stance inspire and develop policies and initiatives to drive innovation and promote financial inclusion. WLF announced on Monday that it had successfully completed its 20% token supply sale. The cryptocurrency project also revealed an additional 5% token supply due to increased demand and interest across the crypto industry. World Liberty Financial is also actively building its digital presence as it expands its cryptocurrency portfolio. On January 19, the cryptocurrency project purchased four Ethereum Name Service (ENS) domains through a multi-signature address: the world liberty.eth, trump coin.eth, eric trump.eth, and barrontrump.eth ENS domains. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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