World Liberty Financial (WLFI), the decentralized finance (DeFi) project linked to former President Donald Trump, has made significant acquisitions of Altcoins using USD Coin (USDC), resulting in notable price increases for several tokens.
Over the past few hours, WLFI has purchased large quantities of Ethereum (ETH), Chainlink (LINK), and AAVE. According to data from Etherscan on December 12, WLFI acquired more than 2,631 ETH, worth 10 million USDC, at an average price of $3,801 per token. This purchase coincided with a 2.36% price increase in Ethereum within an hour and a 6.86% rise over the course of the day.
Chainlink was another key acquisition, with WLFI spending 1 million USDC to purchase 41,335 LINK at an average price of $24.2. Following the transaction, the price of LINK surged by 20.56%, reaching $26.72 within 24 hours. Additionally, WLFI acquired 3,357 AAVE tokens for 1 million USDC, purchasing at an average price of $297 per token.
These moves come after an announcement by Tron founder Justin Sun, who revealed a $30 million investment in WLFI, positioning himself as the project’s largest investor. In a post on X (formerly Twitter), Sun expressed enthusiasm for the U.S. becoming a hub for blockchain technology, emphasizing that Bitcoin owes its success to Trump. “We are thrilled to invest $30 million in World Liberty Financial as its largest investor. TRON is committed to making America great again and leading innovation,” Sun wrote.
Following the investment, Sun also joined WLFI as an advisor, with the company noting that his expertise will be crucial as they continue to develop and expand their DeFi initiatives.
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