Trump-Linked World Liberty Financial to Buy More of Tron’s TRX After $10M WBTC Purchase
The project now holds $352 million worth of crypto tokens, Arkham shows.
Updated Jan 23, 2025, 9:43 p.m. UTCPublished Jan 23, 2025, 1:40 p.m. UTC
What to know:
- World Liberty Financial bought an additional $9.8 million worth of WBTC on Thursday.
- It also bought $2.65 million worth of TRX purchase
- The activity comes as its WLFI token sale nears completion, with less than 10% of the token sale allocation up for sale.
- The project has raised a total of $1.1 billion through the token sale.
World Liberty Financial, the decentralized finance (DeFi) project linked to President Donald Trump, has made an additional $2.6 million purchase of TRX, on-chain data shows.
The project also purchased $9.8 million worth of wrapped bitcoin (WBTC) on Thursday.
World Liberty Financial now holds $355 million worth of crypto tokens including $181 million of ether (ETH), $56 million WBTC, $32 million of staked ether (STETH) and $10 million of TRX, Arkham shows.
The purchases come as sales of the project's own WLFI token heads into the final furlong with just 2.4 billion tokens of the total 25 billion still available. It has raised a total of $1.1 billion since the sale went live in September.
The increase in activity has been spurred by the pro-crypto sentiment stemming from the new U.S. administration, with a regulatory overhaul being planned following the exit of Gary Gensler as the Securities and Exchange Commission (SEC) chief.
"I am looking forward to seeing the Trump administration's pro-crypto stance inspire and develop policies and initiatives that will drive innovation and promote financial inclusion, ensuring cryptocurrency becomes accessible to a wider audience,” Tron founder Justin Sun, who purchased $30 million worth of WLFI tokens in November, said in a statement shared with CoinDesk.
UPDATE Jan. 23, 20:43 UTC: Changes headline and first paragraph to reflect that the purchase of TRX has been made.
