World Liberty Financial (WLFI), a DeFi project led by US President-elect Donald Trump and his family, has continued to make crypto purchases.
According to Lookonchain data, WLFI bought 134,216 $ONDO tokens for 250,000 $USDC on 16th Dec 2024.
Trump’s World Liberty(@worldlibertyfi) spent 250K $USDC to buy 134,216 $ONDO 2 hours ago.
Since Nov 30, #WorldLiberty has spent:
30M $USDC to buy 8,105 $ETH at $3,701;
10M $USDC to buy 103 $cbBTC at $97,181;
2M $USDC to buy 78,387 $LINK at $25.5;
2M $USDC to buy 6,137 $AAVE at… pic.twitter.com/0EVPCgMdMW— Lookonchain (@lookonchain) December 16, 2024
This purchase has further resulted in $ONDO’s price surge. The token has risen to $2.09, an increase of 14.63% in the last 24 hours. The action is just one of the strategies that WLFI has been implementing to help solidify the use of the US dollar in the global DeFi market.
World Liberty Crypto Purchases
WLFI has been steadily purchasing cryptos since November and has cashed in on the post-election crypto bull run. On December 14th, for instance, the organization used $662,630 USDC to buy 1,842.632 AAVE through Cow Protocol. Two days before, the WLFI purchased 37,052 LINK for $1,000,000 USDC and 685.425 AAVE for $246,722 USDC.
Additionally, WLFI made another significant purchase. It bought 2,631 ETH for $10 million USDC, at an average of $3,801. It also bought $1,000,000 USDC for 41,335 LINK at $24.2 and $3,357 AAVE at $297.8.
WLFI has invested tens of millions of USDC in cryptocurrencies, or $30 million in 8,105 ETH and $10 million in 103 $cbBTC. Other WLFI crypto purchases include $509,955 ENA for $500,000 USDC and $78,387 LINK for $2 million USDC.
$ONDO Token Bullish after WLFI Purchase
The $ONDO token has surged by over 14% in the last 24 hours following the fifth World Liberty Financial purchase. The coin’s price now stands around $2.00, with a current market capitalization of $2.88 billion. $ONDO also has a trading volume of $618.35 million, marking a 165% surge in the last 24 hours.
From a technical point of view, the coin is on a bullish momentum. The Fear and Greed Index, for instance, stands at 83, which reflects ‘extreme’ greed. Data on TradingView indicates that $ONDO’s price was green for 21 days in the last 30 days, which means the coin had a positive month. Additionally, the coin’s price volatility was 25.98% during the same period.
World Liberty’s continued crypto acquisitions echo its goal of increasing stablecoin and DeFi adoption. By purchasing crypto, WLFI aims to place America at the front line of cryptocurrency. This strategy and Trump’s backing have sparked confidence among investors and boosted the already buoyant bullish sentiment within the market. With more massive cryptos acquisitions ongoing at World Liberty Financial, the firm has the potential to significantly define DeFi’s future globally.
