Trump’s World Liberty Acquires ETH, LINK, and AAVE in $12 Million Cryptocurrency Purchase

World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative endorsed by President-elect Donald Trump, has hit the headlines with a major $12 million buyout.

With USD Coin (USDC), WLFI acquired several tokens including Ethereum (ETH), Chainlink (LINK) and Aave (AAVE).

WLFI’s crypto buying spree

Blockchain analytics platform Lookonchain reported that transactions were recorded on December 12 through WLFI’s multi-signature wallet. Etherscan data shows the fund bought $10 million in ETH at $3,801 per token, $1 million in 41,335 LINK at $24.2 each, and $1 million in 3,357 AAVE at $297.8 per witness

According to SpotOnChain, this is the first purchase of LINK and AAVE from WLFI. The firm also revealed that over the past 12 days, the organization had spent a total of $30 million to buy 8,105 ETH at an average price of $3,701.

The purchase follows a $30 million investment from Tron founder Justin Sun, who recently became WLFI’s largest investor. Sun expressed his enthusiasm for the development in a Nov. 25 X post.

“We are delighted to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor.” The following day, WLFI confirmed that the Tron founder had joined the project as an advisor.

Launched in September, World Liberty positions itself as a decentralized money market that offers users the ability to borrow, lend and earn interest on crypto assets. The project initially faced some financial challenges due to early sales falling short of the projected $300 million target.

This situation led to lowering their fundraising goal to $30 million. Despite the issues, data from its website indicates that it has successfully raised over $66.4 million by selling 4.43 billion tokens.

Strategic partnership with Chainlink to drive DeFi adoption

In another related development, the platform recently announced a partnership with Chainlink on November 14 to accelerate DeFi adoption. According to the announcement, the DeFi protocol will serve as WLFI’s primary provider of on-chain data and cross-chain connectivity, supporting the project’s upcoming launch on the Ethereum mainnet.

In the initial phase of this integration, it plans to adopt Chainlink price feeds to enable secure onboarding of digital assets such as USDC, USDT, ETH and WBTC for its Aave v3 protocol instance. It is expected that the Governance Platform will approve this integration.

Chainlink co-founder Sergey Nazarov highlighted the network’s established security and reliability as key factors in selecting it as WLFI’s infrastructure provider. He also claimed that the collaboration would improve the ability of the Trump-backed project to attract users who value reliable technology within the DeFi ecosystem.

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