Trump-Linked DeFi Platform WLFI Buys Millions in Crypto Ahead of Inauguration
World Liberty Financial (WLFI), a decentralized finance platform associated with Donald Trump and his family, executed a series of substantial cryptocurrency purchases on Monday, just hours before Trump’s inauguration ceremony.
Blockchain analytics from Arkham Intelligence reveal that WLFI’s wallet acquired over $47 million in wrapped bitcoin (WBTC) and $47 million in Ethereum (ETH). The platform also purchased $4.4 million worth of AAVE, $4.5 million of Tron (TRX), $4.5 million in Ethena’s ENA, and $5.5 million in Chainlink (LINK). These transactions, made via the decentralized exchange CoW Protocol, highlight WLFI’s focus on diversifying its holdings across high-profile crypto assets.
WLFI Token Sales Gain Traction
The purchases coincide with a surge in demand for WLFI’s governance token, which has seen a significant rebound after a sluggish launch in October. By Monday morning, the platform had sold more than 21.7 billion WLFI tokens—worth $1.08 billion—accounting for over 85% of its total 25 billion token supply, according to the project’s website.
Trump Family at the Helm
WLFI is led by Zachary Folkman and Chase Herro, both of whom have a background in DeFi and were previously involved in Dough Finance, a platform that faced a $2 million exploit last year. The Trump family’s endorsement of WLFI has further fueled public interest.
Donald Trump holds the title of “Chief Crypto Advocate” for WLFI, while Eric Trump and Donald Trump Jr. serve as “Web3 Ambassadors.” Barron Trump is listed as the platform’s “DeFi Visionary,” with the family’s collective involvement positioning WLFI as a high-profile player in the crypto space.
A Strategic Pre-Inauguration Push
The timing of WLFI’s crypto purchases appears to be part of a calculated strategy to build momentum as Trump takes office. The acquisitions of WBTC, ETH, and LINK suggest a clear intent to secure a strong foothold in the competitive DeFi landscape.
As Trump’s inauguration shines a spotlight on WLFI, the platform’s actions and performance in the coming months will be closely monitored as it seeks to establish itself as a leading decentralized finance project.
