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The Trump family has turned to these altcoins
World Liberty, which is run by the family of the new US president Donald Trump, made significant purchases in three altcoins.
The cryptocurrency market has recovered from the impact of the decline on December 9th. With Bitcoin surpassing $100,000 again, altcoins have seen increases of nearly 20%.
Altcoins, which moved away from the lows of three days ago, witnessed hot money inflows. Amidst increasing demand, the purchases of World Liberty, managed by the family of Donald Trump, the 47th president of the United States, stood out. World Liberty, a decentralized finance project, spent $12 million for three altcoins.
Demand for three altcoins from the Trump family
Please provide the text to be translated. During his election campaign, Donald Trump announced the crypto project World Liberty Financial (WLF), which focuses on the DeFi sector. Speculation spread that the initiative would lead the way in crypto compliance in the United States. Despite falling short of expectations, WLF continues its work. Eric Trump, Donald Trump’s son, is managing WLF.
According to Lookonchain, the crypto wallet owned by WLD made purchases in three altcoins. WLD added Ether (ETH), Chainlink (LINK), and Aave (AAVE) to their wallets.
According to Lookonchain, WLF’s multi-wallet purchased 2,631 ETH for 10 million USDC (stablecoin). The cost of ETH to the DeFi project supported by Trump was $3,801. WLF also bought 41,335 LINK at an average price of $24.02. The cost of this purchase was 1 million USDC.
The DeFi project had previously announced that it would embrace Aave. According to on-chain metrics, WLF spent 1 million USDC to buy 3,357 AAVE the other day.
Investment in LINK, ETH, and AAVE was seen as an effort to create liquidity for the DeFi project. According to experts, the DeFi project supported by the Trump family is focused on growth. Please provide the text to be translated WLF, which is still in the pre-sale process, has sold 4.43 billion tokens so far.
This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.