President-elect Donald Trump’s crypto platform, World Liberty Financial, has made headlines with its recent purchase of ONDO tokens worth $250,000. The decentralized finance (DeFi) lending and borrowing platform continues to expand its digital asset holdings, solidifying its position as a key player in the crypto space.
World Liberty Financial’s Latest Acquisition
On December 16, World Liberty Financial used 250,000 USDC to acquire 134,216 ONDO tokens via the Cow Protocol, according to data from Arkham Intelligence. This transaction follows the token’s recent performance, which saw ONDO surge by 12.8% in 24 hours and achieve a seven-day gain of 28.61%. At the time of purchase, ONDO was trading at $2.09 and ranked 53rd by market capitalization, with a market value of $2.9 billion and a 24-hour trading volume of $538 million.
This move is part of World Liberty Financial’s strategy to diversify its growing portfolio. The platform recently made other notable acquisitions, including Ethereum (ETH), Aave (AAVE), and Chainlink (LINK), amounting to $14 million in total investments. These transactions highlight the platform’s focus on leveraging niche tokens to expand its influence in the DeFi sector.
A Growing Portfolio with Strategic Investments
Arkham Intelligence reports that World Liberty Financial’s portfolio is valued at approximately $84 million, with the majority held in Ether (ETH), Bitcoin-backed CBBTC, and stablecoins USDT and USDC. Key holdings include $58 million worth of ETH, $10.75 million in CBBTC, and significant positions in LINK and AAVE, each valued at $2.24 million. The platform’s diverse portfolio reflects its goal of maintaining stability while exploring high-potential assets in the DeFi market.
Justin Sun’s $30 Million Investment in WLFI
World Liberty Financial’s native token, WLFI, has also attracted significant attention. The Trump family launched the platform and token in September, and WLFI’s presale began in October. While initial traction was slow, Chinese entrepreneur and crypto advocate Justin Sun stepped in with a $30 million investment, becoming the largest stakeholder in WLFI.
Sun praised the venture, stating that the U.S. is emerging as a blockchain hub and credited Trump for fostering this innovation. His endorsement and investment have added credibility to the project, boosting its visibility among crypto enthusiasts.
Future Outlook for World Liberty Financial
With plans to sell 20 billion WLFI tokens, World Liberty Financial aims to expand its reach and capitalize on the growing adoption of blockchain technology. As of now, 4.97 billion tokens have been sold at $0.015 each, leaving 15 billion tokens available for presale.
The platform’s recent acquisitions and high-profile backing from Justin Sun position it as a major contender in the DeFi landscape. As World Liberty Financial continues to grow its portfolio and establish strategic partnerships, the platform could play a pivotal role in shaping the future of decentralized finance.