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World Liberty Financial (WLFI), a crypto venture owned by the Trump family, is making waves with its substantial investments in Ethereum (ETH), Wrapped Bitcoin (wBTC), and other digital assets. The project continues to grow through public token sales and strategic backing from influential investors.
A $112.8 Million Crypto Investment to Celebrate Trump’s Presidency
In a recent announcement on social media platform X, Donald Trump Jr. revealed that WLFI acquired $112.8 million worth of cryptocurrencies. This move was timed to commemorate Donald Trump’s inauguration as the President of the United States.
The breakdown of this investment includes $47 million allocated to Ethereum (ETH) and another $47 million to Wrapped Bitcoin (wBTC). Additionally, $4.7 million was distributed among projects like Aave (AAVE), Chainlink (LINK), Tron (TRX), and Ethena (ENA), further diversifying WLFI’s portfolio.
A Growing Portfolio with a $334 Million Valuation
With this latest purchase, WLFI’s portfolio value has climbed to $334 million. According to analytics platform Arkham, Ethereum holds the largest share of the portfolio, with 58,379 ETH valued at $188.99 million. Stablecoins like USDC account for $54.4 million, while 456,777 wBTC represent $46.46 million. Other assets include 4,747 staked ETH (stETH) worth $15.32 million, alongside holdings in USDT, AAVE, LINK, and ENA.
Justin Sun Increases His Investment in WLFI
Justin Sun, founder of Tron, recently boosted his support for World Liberty Financial by contributing an additional $15 million. This brings his total investment in the project to $90 million, according to blockchain analytics firm Nansen. Sun’s continued backing underscores the growing credibility and potential of WLFI in the crypto space.
Public Token Sale and WLFI’s Governance Model
WLFI has launched a new public sale for its native token, increasing its supply to 25 billion tokens. Previously, a funding round raised $300 million. It’s important to note that WLFI tokens are exclusively for governance purposes within the protocol. They do not confer economic rights, financial returns, or utility for purchasing goods and services. The tokens remain non-transferable and indefinitely locked.
A Promising Future for World Liberty Financial
As WLFI continues to make strategic investments and expand its portfolio, it’s solidifying its position as a significant player in the crypto industry. Turkish NY Radio will monitor developments closely, providing updates on the project’s progress and its impact on the digital asset landscape.
