World Liberty Monetary (WLFI), the decentralized finance (DeFi) platform funded by Donald Trump and his household, has been within the information for its latest acquisition of ONDO tokens. In response to on-chain statistics from Arkham Intelligence, on December 16, 2024, WLFI bought 134,216 ONDO tokens through the Cow protocol for about 250,000 USDC.
This strategic transfer demonstrates not solely the rising significance of WLFI and the brand new US president within the crypto sector, but in addition the rising curiosity in ONDO, which serves because the governance token of Ondo Finance.
A daring funding technique
For World Liberty Monetary, the acquisition of ONDO matches into their total funding technique. The corporate has bought greater than $44 million value of cryptocurrencies, together with Ethereum, Aave (AAVE), and Chainlink, within the final six weeks alone. WLFI paid round $30 million for round 8,100 ETH. WLFI is dedicated to rising its numerous stock of cryptocurrencies.
Timing is sort of vital. Not too long ago, ONDO has observed a major enhance in costs; it jumped 15% in simply 24 hours after WLFI's involvement was introduced. At present, ONDO ranks 53rd on CoinMarketCap's listing of prime cryptocurrencies by market cap and trades at round $2.06. The upper buying and selling quantity implies that the Trump household's help for the undertaking is probably going attracting investor curiosity.
The Trump impact on cryptocurrencies
Trump's presence within the cryptocurrency house has sparked loads of curiosity and skepticism. The Trump household, well-known for its daring statements and appreciable affect, has promoted WLFI as a platform for lending, borrowing, and incomes curiosity in cryptocurrencies. The undertaking's purpose is to change into a decentralized cash market able to remodeling the best way people handle digital property.
Moreover, Justin Solar is a widely known face on the planet of cryptocurrencies and likewise the founding father of TRON, who lately invested $30 million in WLFI by buying its native token. Its funding in WLFI makes the undertaking even stronger by way of credibility and progress prospects. He identified that “the USA is turning into the hub of blockchain,” that means initiatives like WLFI may find yourself enjoying an vital position on this change.
Seeking to the long run
As World Liberty Monetary expands its cryptocurrency holdings and attracts high-profile buyers, it raises issues about the way forward for DeFi beneath the Trump administration. The undertaking seeks to carve out a place in an more and more crowded sector whereas managing regulatory hurdles. Traders are eagerly watching the influence of those adjustments on the quickly evolving cryptocurrency market.
World Liberty Monetary’s latest acquisition of ONDO tokens marks an thrilling chapter for each the platform and its supporters. With substantial investments and strategic developments in play, WLFI is poised to make waves within the DeFi sector because it prepares for its official launch and goals to redefine monetary interactions within the digital age.
Featured picture from CNN, chart from TradingView
