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Donald Trump's World Liberty Financial Plans to Add Tron to Its Growing Crypto Portfolio

Highlights:

  • World Liberty Financial might add Tron to its crypto investment holdings.
  • Information about the amount and timeline for the purchase has remained largely unknown as the investment form refused to comment on the topic.
  • Market observers believe that if the speculations are true, the relationship between Sun and the investment firm can be strengthened.

World Liberty Financial, a crypto investment platform backed by the United States, President-elect Donald Trump is planning to include Tron (TRX) in its already expansive crypto holdings. An anonymous source familiar with the company’s investment moves and decisions disclosed the potential buying plans to local media in New York, United States.

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At the time of reporting, specific information about the purchase, which includes a timeline and investment amount, remains unknown as World Liberty Financial chose to ignore the topic. However, the crypto community is hopeful that such moves could be a future possibility. For context, the optimism stems from the fact that the Tron founder shares a good relationship with Trump’s investment company.

Notably, the Tron founder, Justin Sun, is already holding a reputable position with World Liberty Financial as an advisor. Aside from merely being an advisor, he had invested $30 million in the crypto investment enterprise, making him the largest holder of the company’s dedicated WLFI token. With the $30 million capital, the Tron founder bought 2 billion WLFI at the rate of $0.015 per token.

Before pumping funds into WLFI investment, the company had only raised $20 million from the token sakes. Therefore, it underscores Sun’s huge influence in increasing World Liberty Finance’s capital. Meanwhile, should the Tron investment speculations play out, market participants believe that it would further strengthen the relationship between Sun and the World Liberty Financial Group.

World Liberty Financial Rich Crypto Portfolio

Sun’s $30 million made up a significant portion of the $90 million the investment firm raised from selling its tokens. After gathering the capital late last year, World Liberty Financial has spent a reasonable percentage of the money to acquire several cryptocurrencies.

Some notable purchases include the $250,000 USDC spent to buy 134,216 ONDO tokens via the Cow Protocol. Another instance was when the investment outlet bought Ethereum (ETH), Aave (AAVE), and Chainlink (LINK). According to reports, World Liberty Financial spent $12 million in the purchase of the three tokens.

Moreover, on Arkham Intelligence, the Trump-backed company’s crypto holdings are valued at about $27.7 million. The wallet currently holds over ninety tokens, including 17.1 million USDC, worth $17.1 million, 1.22K ETH, valued at about $4.01 million, 6.137K AAVE, worth $1.92 million, 78.387K Chainlink (LINK), valued at roughly $1.90 million, etc.

How Tron Reacted to the Procurenents’ Speculation

At the time of writing, Tron is priced at about $0.24, reflecting a 2.9% decline in the past 24 hours. Aside from its short-term price change variable, other extended-period statistics displayed declines, which invariably implies that the procurement news did not necessarily affect Tron’s price actions.

For context, Tron’s 7-day-to-date, 14-day-to-date, and month-to-date price change data reflected declines of about 0.8%, 14.3%, and 9%, respectively. Tron ranks as the eleventh most valuable cryptocurrency and has a market capitalization of $20.695 billion.

Its 24-hour trading volume is up by 53.47% with a $1.44 billion valuation. The raised trading volume signifies a busy network that could be a positive indicator of the coin’s future price outlook.

 

Source: Bitcoin Tracker

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