World Liberty Financial (WLF), a project tied to Donald Trump, has reportedly converted $12 million in USDC into Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). Blockchain analytics firm Lookonchain highlighted the transactions, which occurred over nine hours and included:
- 2,631 ETH at $3,801 for $10 million USDC
- 41,335 LINK at $24.20 for $1 million USDC
- 3,357 AAVE at $297.80 for $1 million USDC
These purchases align with recent market rallies. As of writing, Ethereum trades at $3,915.50 (+6%), Chainlink at $28.71 (+26%), and Aave at $356 (+30%), according to CoinGecko.
A Look at WLF’s Growing Crypto Holdings
Blockchain intelligence platform Arkham Intelligence reports that WLF holds $74.8 million in crypto assets. The portfolio is heavily weighted towards Ethereum, with 14,577 ETH valued at $57.1 million. Other holdings include:
- 102.9 cbBTC (wrapped Bitcoin via Coinbase) worth $10.4 million
- $4.9 million in stablecoins (USDT and USDC)
This sizable crypto allocation suggests a bullish stance on Ethereum and altcoins. Traders speculate that Ethereum could reach new highs before the year’s end, although data from Derive shows only a 10% probability of this happening.
WLF’s Strategic Moves
WLF’s September launch, led by Trump’s sons, introduced the crypto project and its upcoming token sale, WLFI. Verification for participants began shortly after, with fundraising kicking off in October. Notably, Trump-affiliated DT Marks DEFI is set to claim 75% of WLF’s net profits, further cementing its ties to the Trump business empire.
Why This Matters
The significant investment in altcoins and Ethereum highlights a growing confidence in blockchain technology among prominent figures and institutions. Ethereum’s evolving utility and recent ecosystem upgrades make it a focal point for investors. Meanwhile, Chainlink’s advances in decentralized oracle solutions and Aave’s dominance in DeFi lending underscore their appeal.
The Trump-affiliated initiative’s move into crypto could attract broader attention to the sector, especially as WLF explores tokenized finance and aims to establish itself as a major blockchain player.
Final Thoughts
While WLF’s crypto investment suggests optimism, market volatility remains a factor. Whether Ethereum can hit new highs or AAVE and LINK sustain their gains will depend on broader market conditions and adoption trends.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making investment decisions.
