Trump’s WLF Secures $100M in Crypto Tokens During Inauguration

World Liberty Financial (WLF), a decentralized finance (DeFi) initiative connected to the Trump family, made headlines by amassing significant cryptocurrency holdings just hours before Donald Trump’s Jan. 20 inauguration.

Data from Arkham Intelligence reveals that WLF’s wallet address purchased $46.8 million worth of Ether (ETH) and $46.7 million in wrapped Bitcoin (wBTC) within a span of four hours, often executing transactions exceeding $4 million each.

The wallet’s acquisitions weren’t limited to major cryptocurrencies; it also included smaller tokens like Ethena, wrapped Tron (wTRX), Chainlink (LINK), Aave (AAVE), and Uniswap (UNI). These transactions were conducted using the decentralized exchange platform CoW Swap.

Following this buying spree, the wallet’s total crypto assets reached an impressive $326.2 million, primarily consisting of ETH, USD Coin (USDC), and wBTC.

This surge in activity coincides with growing interest in the Trump family’s foray into cryptocurrency and blockchain projects, including WLF’s ambitious DeFi initiative.

As reported on Jan. 20, WLF has already sold 20% of its 100 billion tokens and recently released an additional 5% of the supply at a 230% premium, sparking significant market activity.

On Jan. 19, the day before the inauguration, news emerged that WLF had acquired Ethereum Name Service (ENS) domains for several members of the Trump family. This move has fueled speculation about the potential launch of Trump-themed tokens.

In fact, just two days before taking office, Trump introduced the Official Trump (TRUMP) token on the Solana blockchain. The token quickly reached a market cap of $15 billion on Jan. 19, but it experienced a sharp 40% drop the next day. Meanwhile, First Lady Melania Trump unveiled her own memecoin, MELANIA, further polarizing the crypto community.

The project is spearheaded by Zachary Folkman and Chase Herro, two DeFi veterans who previously co-founded Dough Finance. WLF has also garnered strong support from the First Family, with President Trump taking on the role of “chief crypto advocate” while Eric Trump and Donald Trump Jr. serve as Web3 ambassadors.

The Trumps’ active involvement in the crypto space has sparked both excitement and controversy, underscoring the rapidly evolving intersection of politics and decentralized finance.

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