World Liberty Monetary (WLFI), the decentralized finance (DeFi) platform funded by Donald Trump and his household, has made information for its current acquisition of ONDO tokens. In keeping with Arkham Intelligence’s on-chain statistics, on December 16, 2024, WLFI bought 134,216 ONDO tokens through the Cow Protocol for about $250,000 USDC.
This strategic transfer demonstrates not solely WLFI’s and the incoming US president’s increasing significance within the crypto sector, but additionally the rising curiosity in ONDO, which serves as Ondo Finance’s governance token.
A Daring Funding Technique
For World Liberty Monetary, the acquisition of ONDO matches into their complete investing technique. The enterprise has purchased over $44 million price of cryptocurrencies—together with Ethereum, Aave (AAVE), and Chainlink—throughout the previous six weeks alone. WLFI paid roughly $30 million for about 8,100 ETH. WLFI is devoted to lift its diversified cryptocurrency stock.
The timing is sort of essential. Lately, ONDO seen a big worth rise; it surged 15% in simply 24 hours after phrase of WLFI’s involvement. Proper now, ONDO ranks 53rd on CoinMarketCap’s checklist of high cryptocurrencies by market capitalization and trades at about $2.06. The upper commerce quantity implies that the help of the Trump household for this undertaking might be driving investor curiosity.
The Trump Impact On Cryptocurrencies
Trump’s presence within the cryptocurrency house has generated quite a lot of curiosity and skepticism. The Trump household, who’re well-known for his or her audacious statements and important clout, has promoted WLFI as a cryptocurrency lending, borrowing, and interest-earning platform. The undertaking’s goal is to turn into a decentralized cash market that has the facility to remodel how people cope with digital property.
Moreover, Justin Solar is a widely known face within the cryptocurrency world and in addition the founding father of TRON, which just lately invested $30 million in WLFI by shopping for its native token. His funding in WLFI makes the undertaking even stronger by way of credibility and development prospects. He highlighted that “the US is changing into the blockchain hub,” that means tasks like WLFI might find yourself enjoying an essential half on this shift.
Trying Forward
As World Liberty Monetary expands its cryptocurrency holdings and attracts high-profile traders, it raises considerations about the way forward for DeFi underneath Trump’s administration. The undertaking seeks to carve out a place in an more and more crowded sector whereas managing regulatory hurdles. Traders are eagerly watching how these adjustments play out within the quick altering cryptocurrency market.
World Liberty Monetary’s current acquisition of ONDO tokens marks an thrilling chapter for each the platform and its supporters. With substantial investments and strategic strikes in play, WLFI is poised to make waves within the DeFi sector because it prepares for its official launch and goals to redefine monetary interactions within the digital age.
Featured picture from CNN, chart from TradingView
