Key Points:
- World Liberty Financial acquired $9.8 million worth of Wrapped Bitcoin (WBTC) recently.
- They plan a $2.65 million TRX purchase in the coming days.
- The project is approaching the end of its WLFI token sale, with less than 10% of the allocation remaining.
- To date, they have raised $1.1 billion through this token sale.
World Liberty Financial, a decentralized finance (DeFi) initiative associated with former President Donald Trump, has intentions to purchase more TRX tokens shortly after making a $2.6 million acquisition. According to a source privy to their plans, they will invest an additional $2.65 million into TRX this week, coinciding with their recent $9.8 million purchase of wrapped Bitcoin (WBTC).
Currently, World Liberty Financial possesses $352 million in various cryptocurrencies, including $181 million in Ether (ETH) and $56 million in WBTC, with $32 million in staked Ether (STETH) and $7.4 million in TRX, according to data from Arkham.
The uptick in transactions aligns with the favorable crypto policies expected from the new U.S. administration, especially after the departure of former SEC chief Gary Gensler.
Justin Sun, founder of Tron, remarked, “I look forward to seeing the Trump administration’s pro-crypto stance inspire and develop policies and initiatives that will drive innovation and promote financial inclusion, ensuring cryptocurrency becomes accessible to a wider audience.”