Trump-Linked WLFI Acquires 3.54M MNT as Mantle Enhances Ethereum Compatibility
World Liberty Financial (WLFI), a DeFi firm with connections to the Trump family, has made a significant move in the crypto market, purchasing 3.54 million Mantle (MNT) tokens following Mantle Network’s latest upgrade.
On-chain data from Lookonchain and Arkham Intelligence indicates WLFI spent approximately $3 million USDC to acquire the tokens at an average price of $0.84. Despite this addition, WLFI’s broader crypto holdings—including ETH, WBTC, TRX, LINK, AAVE, and ENA—remain at an unrealized loss of $111 million.
Mantle Network’s recent hard fork, implemented on March 19, introduced EigenDA, a decentralized data availability service designed to improve scalability. The upgrade boosts transaction throughput to 15 MB/s while aligning Mantle with Ethereum’s upcoming Pectra update.
Following the purchase, MNT saw a 6% increase on the day, trading at $0.83 at press time, according to CoinDesk and TradingView.
