Trump’s World Liberty Financial Invests $12M in Ethereum, Chainlink, and AAVE

Highlights:

• WLFI crypto purchases drove Ethereum, Chainlink, and AAVE prices up sharply within hours.
• Trump family-led WLFI enables lending, borrowing, and governance through its platform and token.
• Trump’s personal wallet holds nearly $10 million in cryptocurrencies, including ETH, wETH, and memecoins.

Crypto wallets linked to the Trump family-supported World Liberty Financial (WLFI) project purchased millions in Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) early Thursday. This sparked a sharp rise in their prices. On December 12, Etherscan data revealed that the decentralized finance (DeFi) protocol WLFI acquired over 2,631 ETH at a price of $3,801 per ETH, totaling approximately 10 million USDC.

Ethereum’s price jumped 2.36% within an hour and 6.86% over 24 hours after the purchase. WLFI also acquired 41,335 LINK tokens for 1 million USDC at $24.2 each. Chainlink’s price soared by over 20% within a day, hitting $26.72. The project also acquired 3,357 AAVE tokens for 1 million USDC, priced at $297 each. AAVE has since risen by over 30%, now priced above $357, according to CoinMarketCap. 

U.S. President-elect Donald Trump's World Liberty Financial (@worldlibertyfi) has spent $12M on $ETH, $AAVE, and $LINK in the past 10 hours, including:

• 2,631 $ETH ($10M) at ~$3,801
• 3,357 $AAVE ($1M) at ~$297.8
• 41,335 $LINK ($1M) at ~$24.19

This is the fund's first… pic.twitter.com/izCy3nLGjR

— Spot On Chain (@spotonchain) December 12, 2024

The president-elect introduced the family’s crypto venture in mid-September through a livestream on an X space. World Liberty Financial offers borrowing and lending cryptocurrencies. Users can create liquidity pools and transact with stablecoins. WLFI functions as the platform’s governance token. Trump’s sons—Eric, Donald Jr., and Barron—and real estate executive Steve Witkoff and his two sons are involved in the project.

The token sale started on October 15th, open to those on the whitelist that began in September. Only U.S. accredited investors with a net worth of at least $1 million, excluding their residence, were eligible. The whitelist had over 100,000 investors prior to the sale.

Popular crypto trader @TheFlowHorse speculated that these token purchases are part of larger plans. He stated, “Trump’s account is buying the crypto pairs that are set to benefit heavily from his plans.”

World Liberty Wallet Holds Nearly $73 Million in Cryptocurrencies

According to Arkham Research, the 0x5be9a495 World Liberty wallet holds nearly $73 million in cryptocurrencies. This includes over $50 million worth of ETH, $8 million in USDC, and $10 million in Coinbase’s wrapped Bitcoin token (cbUSD). Additionally, the wallet contains $3 million in USDT stablecoins and smaller amounts of various altcoins.

This surge in crypto purchases comes after TRON founder Justin Sun invested $30 million in WLFI. Sun has joined the project as an advisor. He shared his support on social media, emphasizing his belief that the U.S. will become a blockchain innovation leader under Trump’s guidance.

We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! TRON is committed to making America great again and leading innovation. Let's go! pic.twitter.com/cISTsVYP1f

— H.E. Justin Sun 🍌 (@justinsuntron) November 25, 2024

Donald Trump’s Wallet Approaches $10M

World Liberty Financial’s focus on Ethereum reflects Donald Trump’s crypto portfolio. The US President-elect holds a significant portion of Ethereum, the second-largest cryptocurrency by market cap. According to Arkham data, Trump’s personal wallet holds 495 ETH, valued at $1.95 million, and 479 wETH, worth $1.89 million. 

In addition to these assets, the wallet also contains memecoins TROG ($3.5 million) and TRUMP ($1.01 million). Currently, the address holds $9.7 million worth of cryptocurrencies.