Trump-Backed World Liberty Financial Drives Token Prices Skyward With Strategic Purchases
Crypto wallets tied to the Trump-affiliated World Liberty Financial (WLFI) project triggered a significant market rally early Thursday, following multimillion-dollar purchases of several major tokens.
World Liberty Financial is a comprehensive decentralized finance (DeFi) platform enabling users to lend, borrow, and trade cryptocurrencies, create liquidity pools, and transact with stablecoins. The platform’s governance token, WLFI, facilitates decision-making and ecosystem management.
President-elect Donald Trump serves as the project’s “chief crypto advocate,” with his sons Eric and Donald Trump Jr. as “web3 ambassadors,” and Barron Trump holding the role of “DeFi visionary.”
Strategic Buys Propel Token Prices
On Thursday, wallets associated with WLFI acquired $10 million in ether (ETH) alongside $1 million each in AAVE and Chainlink’s LINK tokens. This buying spree spurred ETH prices to climb 7%, while AAVE and LINK saw dramatic 30% gains during Asian trading hours.
The purchases build on earlier activity, with WLFI-linked wallets reportedly spending $30 million over the past 12 days to acquire 8,105 ETH at an average price of $3,700, according to Spot on Chain data.
Prominent crypto analyst @TheFlowHorse speculated on Twitter that these acquisitions align with larger strategic plans for WLFI’s ecosystem, suggesting, “Trump’s account is accumulating the crypto assets that will play pivotal roles in his platform’s future initiatives.”
Strengthening Chainlink Collaboration
World Liberty Financial integrates Chainlink’s data services to enhance interoperability and pricing accuracy across its platform. Chainlink’s cross-chain infrastructure ensures seamless integration with the broader crypto ecosystem, reinforcing WLFI’s technological foundation.
“The onchain purchase of $1M in LINK solidifies the alignment between WLFI and Chainlink,” said Zach Rynes, Chainlink’s community liaison, in a Telegram message to CoinDesk. “With the upcoming administration providing regulatory clarity for crypto, this partnership is poised to scale DeFi adoption like never before.”
DAO Proposal Hits Key Milestones
Last week, WLFI’s decentralized autonomous organization (DAO) proposed deploying a customized Aave v3 instance. This initiative aims to attract new users while sharing revenue with liquidity providers. Built on Aave v3’s infrastructure, the instance will employ external risk managers and operate on the Ethereum blockchain.
Governance data reveals that the proposal has already surpassed quorum ahead of its Dec. 13 deadline. This move underscores WLFI’s commitment to leveraging DeFi’s full potential while fostering growth and innovation in the space.
As the crypto landscape braces for a pivotal year, World Liberty Financial’s strategic actions and high-profile endorsements could position it as a key player in driving broader DeFi adoption.
