Donald Trump’s family crypto business, World Liberty Financial, is stacking millions worth of Ethereum, Chainlink, and AAVE.
On-chain data shows that the decentralized finance (DeFi) protocol World Liberty Finance (WLFI) has gone on an altcoin acquisition spree. Per Etherscan, the Donald Trump-affiliated firm has spent millions of USDC to buy major cryptocurrencies.
World Liberty Acquires Ethereum and Notable Altcoins
Data from Etherscan shows that World Liberty Financial resumed cryptocurrency acquisition with the Aave token. Early Thursday, a wallet tied to the DeFi protocol spent 1 million USDC to acquire 3,357 AAVE in over ten transactions at an average cost of $297.8.
Furthermore, the WLFI “0x5bE9” wallet began acquiring Chainlink (LINK) afterward. The protocol used another 1 million USDC to buy 41,335 LINK at an average cost of $24.2 per coin through the CoW Protocol.
Finally, the World Liberty Financial address bought $10 million worth of Ethereum. Specifically, the platform spent USDC to acquire 2,631 ETH at an average cost of $3,801, taking its stash to 14,574 ETH ($57.2 million).
At press time, the WLD altcoin wallet’s value stands at $17.5 million. The wallet holds other notable assets like Coinbase Wrapped Bitcoin, the USDT and USDC stablecoins, and some meme coins.
Donald Trump’s Wallet Nears $10M
Meanwhile, World Liberty Financial’s flair for Ethereum mirrors Donald Trump’s crypto portfolio. The US President-elect has a staggering amount of his portfolio denominated in the second-largest cryptocurrency by market cap.
Arkham data shows Trump’s personal wallet address holds 495 ETH ($1.95 million) and 479 wETH ($1.89 million). Aside from the asset, other notable tokens in the wallet are memecoins TROG ($3.5 million) and TRUMP ($1.01 million).
Meanwhile, Trump’s crypto portfolio is closing in on the $10 million value mark after adding $2.55 million in the past 24 hours. At the time of writing, the address holds $9.7 million worth of cryptocurrencies.
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