Author: Jesse Coghlan, CoinTelegraph; Compiled by: Deng Tong, Golden Finance
Donald Trump’s cryptocurrency project World Liberty Financial made large-scale cryptocurrency purchases in December. After buying Ondo (ONDO) for $250,000, the total payout is now close to $45 million.
World Liberty wallet has purchased $30 million worth of Ethereum and $10 million worth of Coinbase Wrapped BTC since November 30, according to data from blockchain monitoring accounts Lookonchain and Arkham Intelligence ( cbBTC) and some other coins.
Lookonchain shows that the most recent purchase was on December 15th at around 11:00 pm for $250,000 worth of Ondo, about a day before it purchased $500,000 worth of Ethena.
Previously, the company purchased $2 million in Chainlink and Aave tokens each, bringing its total token purchases this month to $44.75 million.
The project, announced in September, describes itself as a decentralized finance (DeFi) platform for trading cryptocurrencies, naming President-elect Trump as its "chief cryptocurrency Advocate,” listing his sons Donald Jr., Eric and Barron as “ambassadors.” Companies associated with the family are entitled to 75% of net income.
Nansen research analyst Nicolai Søndergaard recently noted that World Liberty’s token purchases could be “a way to gain additional trust or to advance the project by revealing these assets, because if these The asset is performing well and the project is likely to do well. ”
The project has been working hard to achieve its sales target for a token called World Free Finance (WLFI). The company has sold less than a quarter of the $300 million in WLFI it has sold so far.
However, last month Tron blockchain founder Justin Sun acquired $30 million worth of Bitcoin, becoming the project’s largest investor and later an advisor to the project.
Sun and Tron were accused of selling unregistered securities by the U.S. Securities and Exchange Commission — an agency Trump has promised to overhaul to make it more cryptocurrency-friendly.
Meanwhile, on December 13, AaveDAO, the autonomous group behind the DeFi protocol Aave, passed World Liberty’s proposal, allowing it to deploy an Aave instance—its own version of the protocol.
World LibertyThe proposal allows lending and borrowing of Ethereum, Wrapped Bitcoin (WBTC), and stablecoins USD Coin and Tether. The company will also give AaveDAO 20% of the fees generated and 7% of the WLFI supply (valued at $21 million) at a price of 1.5 cents.