Key Points
World Liberty Financial (WLFI) has been involved in multiple transactions involving millions of USD Coin (USDC) to acquire a variety of Altcoins. This activity has resulted in a sudden surge in their prices.
The Altcoin Acquisitions
Trump’s decentralized finance (DeFi) project, World Liberty Financial, has been purchasing thousands of Altcoins with USD Coin (USDC). This includes Ethereum (ETH), Chainlink (LINK), and AAVE (AAVE).
According to data from Etherscan, on Dec. 12, WLFI bought more than 2,631 ETH. This purchase was worth 10 million USDC, with an average price of $3,801 per ETH. Following this, the price of Ether rose by 2.36% within an hour and 6.86% within a day.
Chainlink was the second token purchased by Trump’s project. They acquired 41,335 LINK with 1 million USDC, at an average price of $24.2 per LINK. Following this transaction, the token’s price rose by 20.56% to $26.72 within a day.
In addition to this, 3,357 AAVE tokens were bought with 1 million USDC. Each token cost an average of $297.
These purchases were made after Tron founder Justin Sun announced a $30 million investment in these projects, thus becoming their largest investor. In a post, Sun expressed his excitement about the investment and his commitment to innovation.
Following this funding update, Justin Sun, the crypto billionaire and founder of Tron, joined World Liberty Financial as an advisor. The company announced on its post that Sun’s experience will be crucial in their ongoing innovation and growth.
