Trump-Backed DeFi Platform WLFI Makes Massive Crypto Buys Ahead of Inauguration

World Liberty Financial (WLFI), a decentralized finance platform connected to Donald Trump and his family, made significant cryptocurrency acquisitions on Monday, just hours before Trump’s inauguration.

Blockchain data from Arkham Intelligence reveals that WLFI’s wallet purchased over $47 million in wrapped bitcoin (WBTC) and $47 million in Ethereum (ETH). Additionally, the platform acquired $4.4 million in AAVE, $4.5 million in Tron (TRX), $4.5 million in Ethena’s ENA, and $5.5 million in Chainlink (LINK) through more than a dozen transactions facilitated on decentralized exchange CoW Protocol.

WLFI Token Sales Gain Momentum

The buying spree coincided with a surge in sales of WLFI’s governance token, which had a slow start following its October launch. By Monday morning, more than 21.7 billion WLFI tokens—valued at $1.08 billion—had been sold, representing over 85% of the total supply of 25 billion tokens, according to the project’s official website.

Trump Family’s Deep Involvement

World Liberty Financial is spearheaded by DeFi veterans Zachary Folkman and Chase Herro, both of whom previously worked on Dough Finance, a project that suffered a $2 million hack last year. The Trump family has actively endorsed WLFI, with Donald Trump taking the title of “Chief Crypto Advocate” for the platform.

Eric Trump and Donald Trump Jr. serve as “Web3 Ambassadors,” while Barron Trump is described as the platform’s “DeFi Visionary.” The family’s involvement has driven significant attention to the project, helping to fuel token sales and public interest.

Strategic Moves Pre-Inauguration

WLFI’s cryptocurrency purchases appear to be part of a broader strategy to solidify its position in the DeFi market as Trump assumes office. By acquiring prominent assets like WBTC, ETH, and LINK, WLFI is signaling its ambitions to play a major role in the decentralized finance space.

As Trump’s inauguration ushers in heightened attention to WLFI, the platform’s next steps will be crucial in determining its success in a competitive and rapidly evolving DeFi landscape.