Trump-Linked DeFi Platform Purchases Over $100 Million in Cryptocurrencies
World Liberty Financial (WLFI) conducted significant cryptocurrency purchases totaling over $47 million shortly before Donald Trump's inauguration. The transactions included:
- $47 million in wrapped bitcoin
- $47 million in Ethereum
- $4.4 million in AAVE
- $4.5 million in Tron
- $4.5 million in Ethena
- $5.5 million in Chainlink
The purchases were made via decentralized exchange CoW, with over a dozen transactions recorded. WLFI's governance token saw increased sales following a previous lackluster launch, with 21.7 billion tokens sold, representing over 85% of the total supply.
Zachary Folkman and Chase Herro lead WLFI, having previously worked on Dough Finance, which experienced a security exploit resulting in a $2 million loss. The Trump family promotes WLFI, with Donald Trump named "Chief Crypto Advocate," while his sons hold titles such as "Web3 Ambassadors."