World Liberty Monetary (WLFI), a decentralized finance (DeFi) platform funded by Donald Trump and his household, has introduced the latest acquisition of ONDO tokens. In response to Arkham Intelligence on-chain statistics, on December 16, 2024, WLFI bought 134,216 ONDO tokens through Cow Protocol for roughly USDC 250,000.
This strategic transfer demonstrates not solely the rising significance of WLFI and the incoming US president within the crypto sector, but additionally the rising curiosity in ONDO, which serves because the administration token of Ondo Finance.
Daring funding technique
For World Liberty Monetary, the acquisition of ONDO matches into their total funding technique. Up to now six weeks alone, the enterprise has purchased over $44 million price of cryptocurrencies — together with Ethereum, Aave (AAVE), and Chainlink. WLFI paid roughly $30 million for about 8,100 ETH. WLFI is devoted to rising its diversified cryptocurrency stock.
Timing is kind of essential. Not too long ago, ONDO has seen a big value enhance; rose 15% in simply 24 hours after information of WLFI's involvement. Proper now, ONDO is ranked #53 on CoinMarketCap's Prime Cryptocurrencies by Market Cap and is buying and selling at round $2.06. The upper commerce quantity means that the Trump household's help for the challenge is probably going driving investor curiosity.
Trump's Influence on Cryptocurrencies
Trump's presence within the cryptocurrency house has created a variety of curiosity and skepticism. The Trump household, recognized for his or her daring statements and vital affect, promoted WLFI as a platform for borrowing, lending and incomes curiosity in cryptocurrencies. The challenge goals to develop into a decentralized cash market that has the ability to vary the way in which people take care of digital property.
Justin Solar can be a well known face within the cryptocurrency world and likewise the founding father of TRON, which not too long ago invested $30 million in WLFI by buying its native token. His funding in WLFI makes the challenge even stronger by way of credibility and progress prospects. He emphasised that “the US is turning into the middle of blockchain,” that means that tasks like WLFI might ultimately play an essential position on this shift.
Trying forward
As World Liberty Monetary expands its cryptocurrency holdings and attracts main buyers, it raises issues about the way forward for DeFi beneath the Trump administration. The challenge is attempting to carve out a place in an more and more crowded sector and on the identical time handle regulatory obstacles. Buyers are eagerly watching how these modifications play out within the quickly altering cryptocurrency market.
The latest acquisition of ONDO tokens by World Liberty Monetary marks an thrilling chapter for each the platform and its supporters. With vital investments and strategic strikes 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
