financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Donald Trump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Donald Trump
Jan 28, 2025 8:37 PM

World Liberty Financial (WLF) a venture linked to Donald Trump and his family has been on an aggressive accumulation spree.

In fact, the public wallet associated with WLF now holds $370.4 million in assets across 44 distinct cryptocurrencies.

WLF Targets DeFi Leadership

According to Santiments findings, these accumulation strategies signal its growing influence in decentralized finance (DeFi).

Key holdings include 59,269 ETH (+3,921% since pre-inauguration), 647 WBTC (+3,570%), and 19,399 stETH (+309%). Other notable assets include USD Coin (USDC), Tether (USDT), Chainlink (LINK), Aave (AAVE), and even meme coins like Pepe (PEPE) and Mog Coin (MOG).

The ventures behavior through this wallet correlates with Donald Trump’s promise to make the U.S. a global leader in cryptocurrency and blockchain innovation. This high level of crypto accumulation signals confidence in upcoming policies and a belief in a strong future for the market.

Last week, Tron founder Justin Sun invested an additional $45 million in World Liberty Financial, pushing his total investment to $75 million. This makes Sun the platforms largest investor and advisor. WLF recently announced plans to acquire Tron (TRX) tokens for its treasury and completed an initial sale of WLFI governance tokens, pricing the new batch at $0.05 each.

Despite a slow start in October, Dune Analytics data revealed that the token sales have surged to $300 million, driven by massive demand. Over 34,000 holders and 44,500 transactions further highlighted the projects growing popularity.

Trumps Crypto Ventures

Besides WLF, Trumps other crypto ventures, including the Official Trump (TRUMP) and the subsequent Official Melania (MELANIA) meme coins, have sparked concerns among ethics experts and market participants about potential conflicts of interest and influence on his administration.

Trump has a history of licensing his name to market various products, from steaks to real estate courses such as those offered by the defunct Trump University. Ethics experts note that while federal laws prevent executive branch employees from engaging in policies impacting their financial interests, these rules do not apply to the president or vice president, and Trump appears to have complied with legal requirements.

Both the meme coins have lost significant value since their respective peaks. TRUMP, for one, lost over 57% in the past nine days, while MELANIA shed almost 80% during the same period. Moreover, whales were found to have been dominating both these ecosystems.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Charles Hoskinson Blasts Media’s Negative Portrayal of Cardano’s Prospects
Charles Hoskinson Blasts Media’s Negative Portrayal of Cardano’s Prospects
Jun 6, 2024
Cardano founder Charles Hoskinson has dismissed claims that the network suffers from weak fundamentals. He criticized media outlets for their continued negative portrayal of the ecosystem, asserting a stark contrast between the reality of Cardano’s progress and the media’s depiction. Cardano Founder Refutes Media’s Gloomy Forecasts In a sharp rebuke this week, Hoskinson accused the media of wrongly predicting the...
Cardano, Shiba Inu, Jasmy Catch Whale Fever as Large Transactions Spike
Cardano, Shiba Inu, Jasmy Catch Whale Fever as Large Transactions Spike
Jun 6, 2024
Following the recent recovery in the market, certain altcoins have become appealing to buyers, with wealthy investors even beginning to stockpile these assets before prices potentially surge. Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are experiencing notable price surges, each seemingly driven by increased whale activity. Whales Pile In This week, transactions exceeding $100k on these networks have more...
Gensler Criticizes Crypto Exchanges for Questionable Practices, Says Spot ETH ETFs Will ‘Take Some Time’
Gensler Criticizes Crypto Exchanges for Questionable Practices, Says Spot ETH ETFs Will ‘Take Some Time’
Jun 6, 2024
SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges, noting that the introduction of spot Ethereum ETFs will require additional time. Genslers comments were made during a June 5 interview on CNBC, where he also responded to Jim Cramers inquiries about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. Gensler Criticizes Crypto Exchanges Gensler stated that...
Robert Kiyosaki Confident Bitcoin Will Hit $350K By August 2024, Here’s How
Robert Kiyosaki Confident Bitcoin Will Hit $350K By August 2024, Here’s How
Jun 6, 2024
Robert Kiyosaki, financial guru and author of Rich Dad Poor Dad, has made a staggering prediction for bitcoin’s (BTC) price in the next two months. In a recent tweet, Kiyosaki said he is confident that BTC will be worth $350,000 by August 25. BTC to Tap $350K in August Kiyosaki said while his prediction may be “suckers bait,” speculation, and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved