January 16, 2025

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12:00 am

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(Updated:

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World Liberty Finance Buys $10M ETH

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    World Liberty Finance on Arkham
    World Liberty Finance on Arkham

    Incoming US president Donald Trump’s DeFi project, World Liberty Finance has once again begun acquiring ETH, with the project purchasing another $9.88M in ETH or 3,120 tokens. The purchase was made using their WBTC holdings this time instead of USDC, which were purchased almost exactly one month ago on 18th December for ~$10M.

    World Liberty Finance’s sale of WBTC for ETH via CoW Protocol
    World Liberty Finance’s sale of WBTC for ETH via CoW Protocol

    The move is a continuation of Trump’s on-chain activity on Ethereum, which started in December after he acquired both WBTC and ETH tokens on-chain via World Liberty Finance. Additionally, the project has also acquired holdings in Chainlink (LINK), Aave (AAVE) and Ethena (ENA) over the same period. These on-chain transactions have provided a tailwind for the Ethereum ecosystem, which has mostly underperformed throughout 2024, to the dismay of their supporters.

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