Trump Family Crypto Project Makes a Big Bet on Ethereum, Chainlink, and Aave
In a significant move, the World Liberty Financial (WLFI), a cryptocurrency project backed by Donald Trump's family, has invested $5 million in Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). This marks the first purchase by WLFI of LINK and AAVE, diversifying its portfolio and expanding its presence in the decentralized finance (DeFi) space.
According to on-chain analysis from Lookonchain, WLFI acquired 2,631 ETH at $3,801 each, 41,335 LINK at $24.20, and 3,357 AAVE at $297.80. Since the purchase, LINK surged to a three-year high. Furthermore, the WLFI community approved a proposal to launch a new Aave v3 instance to support Ethereum (ETH), Wrapped Bitcoin (WBTC), and stablecoins like USDT and USDC. The AaveDAO will receive 7% of the circulating WLFI token supply and 20% of all fees generated by the new instance.
The WLFI platform is already leveraging Chainlink for data accuracy and cross-network connectivity. Nicolai Sondergaard, a research analyst at Nansen, believes the purchases are designed to support WLFI's DeFi platform, using Chainlink for interoperability and Aave v3 for DeFi services on Ethereum.
These moves come at a time when DeFi tokens, such as LINK and AAVE, are experiencing significant growth. LINK and AAVE have surged 23% and 44% over the last week, respectively. Meanwhile, Ethereum's price approached $4,000 this week, indicating strong momentum in the DeFi space.
Currently, WLFI holds over $50 million in ETH and approximately $74 million in crypto assets, including WBTC and stablecoins like USDC and USDT. This growing treasury solidifies WLFI’s position in the rapidly expanding DeFi sector.
