In honor of Donald Trump's inauguration, WLFI splurges a whopping $113 million on various cryptocurrencies, also known as altcoins.
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform launched by the Trump family in September 2024, has announced the successful sale of its WLFI token supply, generating a staggering $300 million in proceeds.
The sale, disclosed by Trump's sons in September 2024, saw the purchase of various cryptocurrencies, including Tron (TRX), Wrapped Bitcoin (WBTC), Chainlink (LINK), Ethena (ENA), and Ethereum (ETH). Specifically, WLFI purchased Tron for $4.7 million, Wrapped Bitcoin for $47 million, Chainlink for $4.7 million, Ethena for $4.7 million, and Ethereum for $47 million.
The platform's significant crypto activities, including large purchases, fundraising, and token launches, have all occurred since its 2024 launch. For example, on Trump's inauguration day for the platform (presumably in 2025), WLFI celebrated a $94 million crypto purchase, not in 2017 but recently after the company’s start.
Reports indicate the Trump family has earned hundreds of millions from WLFI since its launch in the fall of 2024 through token sales and investments, but these financial moves are recent developments unrelated to Trump’s original presidential inauguration.
In a move to meet strong investor demand, WLFI has announced an additional 5% issuance of WLFI tokens. Updates on this matter will follow.
As of January 20, 2025, World Liberty's crypto portfolio is valued at approximately $341.2 million. More than half of this portfolio is valued at around $192.32 million in Ethereum (ETH).
It is important to clarify that there is no credible evidence supporting the claim that World Liberty Financial purchased $112.8 million in cryptocurrencies on the first day of Donald Trump’s presidency in 2017. World Liberty Financial was founded in 2024, making it impossible for WLFI to have made any purchases in 2017.
User verification on World Liberty's official website began at the end of September 2024, and fundraising for the WLFI token sale began in mid-October 2024. World Liberty Financial sold 20% of its total WLFI token supply on January 20, 2025, equivalent to 100 billion coins.
DT Marks DEFI, an organization associated with the newly inaugurated U.S. President, claims 75% of the net income from the crypto project.
[1] Source: World Liberty Financial Official Website [2] Source: Financial Times [3] Source: Bloomberg
- The World Liberty Financial (WLFI) platform, founded by the Trump family in 2024, has been actively investing in various cryptocurrencies such as Tron (TRX), Wrapped Bitcoin (WBTC), Chainlink (LINK), Ethena (ENA), and Ethereum (ETH).
- WLFI's crypto investments have been substantial, with purchases totaling $47 million for Wrapped Bitcoin, $4.7 million each for Tron, Chainlink, Ethena, and Ethereum, and a significant $94 million purchase on Trump's inauguration day for the platform, but not in 2017.
- The Trump family has reportedly earned hundreds of millions from WLFI since its launch in 2024 through token sales and investments, a development that is unrelated to Trump’s original presidential inauguration in 2017.
- In response to strong investor demand, WLFI has announced an additional 5% issuance of WLFI tokens, and as of January 20, 2025, World Liberty's crypto portfolio is valued at approximately $341.2 million, with more than half valued at around $192.32 million in Ethereum (ETH).
