World Liberty Financial Spurs COW Token’s 30% Price Surge
Cow Protocol’s COW token surges over 30% after World Liberty Financial (WLFI) Decentralized Finance A project associated with Donald Trump executed a $2.5 million USDC transaction, purchasing 759.36 ETH through the platform.
World Liberty Financial currently holds approximately 16,400 ETH, worth $53.73 million.
Trump’s World of Free Finance Continues to Impact Altcoins
according to arkham datathe project has been actively purchasing various assets, including ETH, World Bitcoin Exchange, ghostLINK, ENA and ONDO. These coins have faced losses in recent days, coinciding with Wider market volatility As the Fed cuts interest rates and inflation predict.
at the same time, Consistent use of WLFI cattle agreement attracted attention, driving speculative interest in the platform. The COW token is up nearly 35% today, approaching $1.
WLFI’s investment landscape has triggered Market rebounds throughout December. Earlier this month, the project spent over $45 million, including purchasing Ethereum, Ondo (ONDO), and Ethena (ENA), pushing COW to $1.02, its highest value in more than a year.
Other deals this month include Get AAVE and Chainlink LINK tokenswhich caused the price of LINK to soar to $28, a three-year high.
also, WLFI and Ethena Labs recently added sUSDe Serves as collateral for WLFI’s Aave v3 instance, enhancing its functionality.
Additionally, the project recently exchanged $10.4M worth of cbBTC exchanged for WBTCthe following Coinbase delisted cbBTC. Justin Sun, a key WLFI’s Investors and Advisorsopenly supports WBTC, citing its stronger governance and transparency compared to cbBTC.
Despite this progress, Trump’s World Free Finance has faced challenges since its launch. The program has been slashed Pre-sale target increased from US$300 million to US$30 millionreduced by 90%.
WLFI tokens remain non-transferable and are restricted to non-U.S. investors and accredited U.S. investors. These restrictions made it difficult to sell the project in its early stages.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
