Trump-Linked DeFi Giant WLFI Shakes Crypto Market
DeFi projects supported by President-elect Donald Trump and the World Free Finance Organization (WLFI) have once again become the focus of the news. The project has made huge strides in the crypto world by purchasing millions of dollars worth of Ethereum, Chainlink, and AAVE. These purchases not only generated interest in the ecosystem, but also helped prices skyrocket. Let’s dig into the details and see what they’re doing.
A big day for Ethereum
WLFI spent a whopping $10 million in U.S. dollar tokens (USDC) to purchase 2,631 ether (ETH). At the time, the average price of Ethereum was $3,801 per token. Such large purchases resulted in a sudden price surge of 2.36%. As of the close of the day, ETH had risen 6.86%. This clearly shows how one big deal can send ripples throughout the market.
But that’s not all. WLFI’s move boosts investor confidence and proves how influential this DeFi project is in the crypto space.
Chainlink and AAVE seize the moment
It’s not just Ethereum that’s feeling the love. WLFI invested another $1 million USDC and purchased 41,335 Chainlink (LINK) tokens at a price of $24.2 each. This caused the price of LINK to surge by 20.56% in just 24 hours, reaching $26.72. Even for a volatile market, that’s a serious spike.
AAVE didn’t miss out either. WLFI spent $1 million to purchase 3,357 AAVE tokens at a price of $297 each. Although the market impact is not as huge as LINK, it still solidifies WLFI’s role as a heavyweight in the DeFi field.
Justin Sun’s big bet
Even more exciting is that Tron founder Justin Sun announced WLFI invests US$30 million. This makes him the largest investor in the project. He also serves in an advisory role, bringing his years of blockchain experience to the table.
Sun’s recognition underscores WLFI’s growing credibility. In his own words, the United States is becoming a blockchain center, and Trump’s participation will change the rules of the game.
What’s next?
WLFI isn’t slowing down. The wallet is full Cryptocurrency worth $74.36 millionincluding 14,570 Ethereum and nearly 103 wrapped Bitcoin, this project is clearly here for the long term. Investors will be watching closely, especially the addition of Justin Sun.
Will WLFI continue to dominate the DeFi space? Indications point to yes, but in crypto, anything can happen. one thing is
