Trump's cryptocurrency project purchases Ethereum and niche tokens, possibly related to the project's upcoming operations
According to an analysis by blockchain data company Nansen, starting from December 11, wallet accounts associated with Trump's cryptocurrency project World Liberty Financial (WLF) purchased Ethereum and niche digital tokens, with a total value of approximately $14 million. These tokens have recently shown strong market performance
The cryptocurrency project World Liberty Financial (WLF) of the elected U.S. President Donald Trump has recently attracted attention in the blockchain community. According to an analysis by blockchain data company Nansen, since December 11, wallet accounts associated with the project have purchased Ether and niche digital tokens. These token purchases are believed to be related to the upcoming operation of the project.
The specific purchases include: 2,731 Ether; 4,043 Aave; and 78,387 Chainlink (LINK). The total value is approximately $14 million. These tokens have shown strong market performance recently. LINK has risen 28% since Tuesday, Aave has increased by 17%, and Ether has gone up by 8%. The upward trend has brought more positive market expectations for WLF.
WLF is a decentralized finance platform aimed at providing financial services such as lending and trading through blockchain technology. The project was officially announced in September, but the initial token sale was not successful until Justin Sun invested $30 million, which helped drive its development. The Trump family has actively promoted this project on social media and in public appearances.
Nansen analyst Nicolai Søndergaard pointed out that WLF's purchase of these digital assets may be aimed at enhancing market confidence. "If these assets perform well, the project's acceptance will also increase."
The project's technical collaboration is also accelerating. The decentralized organization AaveDAO recently approved a proposal allowing WLF to launch its own version based on the Aave protocol. According to the cooperation agreement, the project will support lending transactions for Ether, Wrapped Bitcoin, and stablecoins USDC and USDT. AaveDAO will receive 20% of the transaction fee revenue and 7% of the total supply of WLF tokens. Additionally, in November, WLF announced that it would use Chainlink to provide blockchain data services for its platform.
Analysts say that WLF's rapid development cannot be separated from the promotion by the Trump family. As a highly watched cryptocurrency project, WLF not only represents the potential of the decentralized finance industry but may also further expand public awareness of blockchain technology through Trump's influence. However, the actual success of the project remains to be seen, especially in the face of regulatory challenges and market competition