World Liberty Financial (WLFI), Donald Trump's ambitious Cryptoasset project, has spent $250,000 to purchase 231,726 Ethena (ENA) Tokens through the Cow Protocol. According to data from Arkham Intelligence, this move has increased WLFI's total ENA holdings to 741,687 Tokens.
In the purchase made in December, WLFI spent nearly $45 million, significantly expanding its position across multiple Cryptoassets. Specifically:
WLFI's Tokens have witnessed an increase in value as the market reacts to these transactions. Some of WLFI's core assets have seen significant price increases, with Chainlink (LINK) leading the way with a 28% gain to $28. Aave (AAVE) followed with a 17% increase to $52, while Ethereum (ETH) rose 8% to trade at $3,912.
WLFI's purchase transactions have fueled speculation about the project's ability to bolster confidence in these Tokens. WLFI's platform has collaborated with AaveDAO, utilizing Aave's protocols for lending and borrowing services. In return, AaveDAO receives 20% of WLFI's fee revenue and 7% of the total Token supply.
The involvement of Justin Sun, the founder of TRON, with a $30 million investment in WLFI, has created a wave of controversy. However, his support will certainly bolster WLFI's strategy.
Nevertheless, WLFI has faced numerous challenges since its launch in September. Although the initial Token sale generated $220 million in revenue, doubts about the authenticity of the wallets during the launch have raised questions about the project's credibility.
Despite a strong start, WLFI's Token sales have slowed down significantly. However, Trump's project continues to evolve, leveraging his personal reputation and strategies to attract investors.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
Join Telegram: https://t.me/tapchibitcoinvn
Twitter (X): https://twitter.com/tapchibtc_io
Tiktok: https://www.tiktok.com/@tapchibitcoin
Itadori
According to Cryptopolitan
