A massive $45 million December cryptocurrency binge by Trump’s new DeFi project named World Liberty Financial, is finally moving ahead by purchasing assets including big names like ETH, ONDO and LINK. It did face some trouble selling its WLFI token but Justin Sun’s $30 million investment helped it make tons of money. Finally,the collaboration with AaveDAO is setting its point towards enhancing lending and borrowing.
With a $45 million cryptocurrency buying binge this month, Donald Trump’s DeFi project, World Liberty Financial is finally taking significant big step action. Trump is also serving as its “chief crypto advocate” and his kids as its “ambassadors,” the initiative has amassed $30 million in Ethereum, $10 million in cbBTC, and smaller amounts of tokens such as Ondo (ONDO) and Ethena (ENA). Their most recent purchase? A day after obtaining $500K of ENA, $250K of ONDO was acquired.
World Liberty, launched in September, is aiming to become the go-to DeFi platform for trading crypto. But it’s not all smooth sailing—its WLFI token sales are lagging, with less than 25% of its $300M goal reached. Still, it scored a major win when Justin Sun, founder of Tron, invested $30M and became its top backer. Sun’s now an official advisor, despite his history with the SEC over alleged unregistered securities.
To keep the momentum, World Liberty got AaveDAO on board to create its own version of the Aave protocol, enabling borrowing and lending for crypto staples like Ether and USDC. With promises of juicy revenue splits for AaveDAO, this partnership might be the boost Trump’s crypto empire needs. It’s a bold bet—let’s see if it pays off.
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