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World Freedom Financial Initiative (WLFI), a DeFi project backed by the US President-elect Donald Trumpmade headlines with a recent $12 million cryptocurrency acquisition.
On December 12, blockchain analytics company Lookonchain open That WLFI accounted for 2,631 Ethereum For $10 million at $3,801 per token. Additionally, it purchased 41,335 connection And 3357 ghostBy investing one million dollars in each of them.
According to Arkham Intelligence DataThese purchases have boosted the project’s cryptocurrency holdings to a value of over $74.7 million. WLFI now owns approximately 14,576 ETH (worth over $57 million), 102.9 cbBTC (worth $10.3 million), and other assets such as US dollars Along with the newly acquired LINK and AAVE.
The heavy buying of cryptocurrencies by WLFI appears to have affected market conditions. according to Cryptocellite Data, both LINK and AAVE recorded price increases exceeding 25% within 24 hours.
WLFI aims to position itself as Leading DeFi platform Which provides lending, borrowing and digital asset investment services. It is also reportedly planning to offer a stablecoin and special tools for accessing third-party DeFi applications.
Market effects
The cryptocurrency community has been full of speculation about WLFI’s recent moves. Some believe the asset choices align with the pro-crypto agenda expected under the Trump administration.
Cryptocurrency trader under the pseudonym, Flow Horse, Suggested That WLFI may have strategically invested in tokens that are expected to thrive under favorable US regulations.
Meanwhile, other industry analysts are also pointing to WLFI’s focus on decentralized finance, viewing LINK and AAVE purchases as a signal of confidence in decentralized financial technologies over speculative assets like memecoins.
Chainlink Community Liaison, Zach Rennes, Highlight Which Adoption Chainlink price feeds WLFI’s Aave V3 integration could be a driving factor behind the acquisition. He also noted that the purchases may reflect confidence in a more supportive regulatory environment under Trump.
Trump’s evolving stance on cryptocurrencies reinforces this narrative. Over the past year, the president-elect has aggressively championed the industry during his election campaign and made a series of pro-crypto appointments, including one David Sacks as White House Crypto Tsar.
Observers said these efforts demonstrate his commitment to fulfilling his regulatory promises and supporting the industry.
