• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Wednesday, October 15, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

WLFI Buys $12M in Crypto, Prices Rise

Egede Ify by Egede Ify
December 13, 2024
in Featured, News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

Introduction

World Liberty Financial (WLFI), a crypto project backed by Donald Trump, triggered major market gains. On Thursday, WLFI bought $12 million in crypto, causing LINK and AAVE to surge by 30% and ETH to rise 7%.

WLFI Buys LINK, AAVE, and ETH

On-chain data showed WLFI’s multi-sig wallet made key purchases:

  • $10 million for 2,631 ETH at $3,801 per token.
  • $1 million for 41,335 LINK at $24.20 each.
  • $1 million for 3,357 AAVE at $297.80 each.

This marked WLFI’s first purchase of LINK and AAVE, showing a move to diversify its crypto holdings. Additionally, data from Spot On Chain revealed WLFI spent $30 million over 12 days to buy 8,105 ETH at an average of $3,700.

WLFI’s DeFi Strategy

WLFI aims to integrate deeply into the DeFi ecosystem. It uses Chainlink’s data services for pricing and cross-chain tools, strengthening its market position.

The project’s DAO recently proposed deploying an Aave v3 instance on Ethereum. This move would:

  • Use external risk managers to reduce risks.
  • Attract new users to DeFi.
  • Share earnings with liquidity providers.

The proposal has already gained community approval, showing strong support for WLFI’s expansion plans.

Market Impact on LINK, AAVE, and ETH

WLFI’s purchases caused sharp price gains. LINK and AAVE rose by 30%, showing investor confidence in their roles within WLFI’s platform. Meanwhile, ETH gained 7%, cementing its position as WLFI’s key reserve asset. The project now holds $50 million in ETH, highlighting its focus on Ethereum’s long-term value.

wlfi
Source: TradingView

Trump’s Role in WLFI

Donald Trump’s “chief crypto advocate” leadership has added attention to WLFI. His sons, Eric Trump and Donald Trump Jr., serve as “Web3 ambassadors,” while Barron Trump acts as “DeFi visionary.” Together, they aim to make the United States a leader in crypto adoption. Since its October launch, WLFI has raised $55 million through its token sale, accepting ETH, USDC, and USDT. However, this amount remains well below its $300 million target.

WLFI Treasury and Challenges

WLFI’s treasury, managed through a limited liability company, holds nearly $73 million in crypto. These include wrapped Bitcoin (cbUSD), USDC, USDT, and altcoins. The project frequently trades using CoW Swap, a decentralized platform for cheaper transactions. Despite its efforts, WLFI still faces challenges. It needs help to gain full investor confidence and meet its ambitious fundraising goals.

Conclusion

WLFI’s $12 million purchase of ETH, LINK, and AAVE caused big market moves. LINK and AAVE surged by 30%, while ETH rose 7%. Backed by Donald Trump and his team, WLFI aims to lead in crypto adoption and DeFi integration. However, the project must overcome investor doubts and reach its fundraising targets to succeed in the long term.

Tags: AaveaavepriceChainLinkcryptonewscryptotrendsdecentralizedfinanceDeFidefiintegrationEthereumethpricelinkpriceliquidityservicestrumpcryptoWeb3wlfi
Previous Post

TURBO Jumps 30% After Coinbase Listing

Next Post

Solana Holders Stay Strong, Says Glassnode

Related Posts

Binance Issues $283M Compensation After Market Turbulence
News

Binance Issues $283M Compensation After Market Turbulence

October 13, 2025
Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off
News

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

October 11, 2025
News

Trump China’s Warning Sparks $700M Crypto Market Liquidation

October 10, 2025
Solana Reports $2.85B Annual Revenue, Surpassing Ethereum’s Early Growth
News

Solana Reports $2.85B Annual Revenue, Surpassing Ethereum’s Early Growth

October 8, 2025
Bitcoin’s Price Prediction: $82M Life Insurance Raise Highlights Wall Street’s BTC Entry
Market Analysis

Bitcoin Price Prediction: $82M Life Insurance Raise Highlights Wall Street’s BTC Entry

October 8, 2025
NFT Market Sees Steady Growth as Sales Reach $129 Million
News

NFT Market Sees Steady Growth as Sales Reach $129 Million

October 6, 2025

Press Releases

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off
News

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

by Alex Mercer
October 11, 2025

Bitcoin prices slid sharply this week, mirroring the turbulence seen during earlier 2025 market corrections. Nearly $20 billion in BTC...

Read more
NFT Market Sees $129M Weekly Sales as BNB Chain Surges

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

September 28, 2025
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier