A wallet believed to belong to Donald Trump’s crypto venture, World Liberty Financial, has been involved in a series of recent transactions, according to onchain data from Arkham Intelligence.
A wallet believed to belong to World Liberty Financial, a crypto firm founded by newly elected President Donald Trump and his family, has been involved in a series of transactions as indicated by blockchain analytics firm Arkham Intelligence.
World Liberty Financial’s crypto wallet becomes active and exchanges WBTC for ETH and USDT
What is World Liberty Finance (aka Trump) doing exchanging ~10 million WBTC for ETH via COW.
Please pump up my ETH bags, Mr. Orange man. pic.twitter.com/DjpfbIWiNd
— Smol capital (@smolresearcharc) January 15, 2025
According to the chain factsthe wallet exchanged 103.1493 WBTC for 3,075.198 ETH, a transaction worth approximately $9.917 million. The wallet also converted another 16.6199 WBTC for 1.7 million USDT via the Cow Protocol and then transferred 11,917,635 ETH worth approximately $38,396 million to Coinbase Prime.
Trump founded the crypto venture in mid-September via a livestream on X, describing it as a “decentralized finance” initiative around a crypto token called WLFI. Trump had included three of his sons in the project, including Eric Trump, Donald Trump Jr. and Baron Trump, as the project’s Web3 ambassadors. However, details about the project are still hazy and confusing.
The news comes after Ethana Labs, an Ethereum-based DeFi platform, announced a strategic partnership with Word Liberty Financial. The partnership between the synthetic dollar provider and Trump’s crypto project will integrate Ethena’s deployed synthetic dollar (sUSDe) token into World Liberty Financial’s Aave instance.
The partnership will allow users to deposit USDe and earn rewards using both WLFI token and World Liberty’s sUSDe. Ethana announced the alliance on
Justin Sun invests $30 million in World Liberty Financial
The announcement came shortly after a controversial Chinese crypto entrepreneur, Justin Sun, purchased WLFI tokens worth $30 million, making him the largest holder of World Liberty Financial tokens at the time.
Less than a week after Sun’s major financial involvement in the project, World Liberty purchased $500,000 worth of ENA tokens at an average price of $0.98. The company also bought Ether, AAVE, ONDO, Chainlink and cbBTC for approximately $30 million.
The company sold just 848.63 million WLFI tokens for $12.7 million in the first 24 hours, leaving 19.1 billion tokens up for grabs. After that, the company’s token sales slowed.
According to the official website from World Liberty Financial, Trump and his family have sold a total of 5.33 billion WLFI tokens at an average price of $0.015 per token. World Liberty Financial’s website reveals that the company still has 14.65 billion tokens available for purchase.
Crypto investors are betting that Trump will transform crypto after his inauguration
While the project is a huge sign that Blockchain technology is growing rapidly, some concerns from critics of conflicts of interest emerged. The launch of a new crypto token raises questions about investors buying into the project to earn influence or whether Trump is putting pressure on regulators to greenlight his personal companies, especially as agencies like the SEC and Commodity Futures Trading Commission pro have received crypto agreements from the president-elect.
Trump has been a strong supporter of crypto and blockchain technology. Last year, he took the world by storm during his campaigns when he addressed crypto enthusiasts at the Bitcoin Conference 2024 event in an attempt to lure crypto investors to vote for him.
Trump has made promises to the crypto community, making him the best alternative for US-based crypto voters. His victory over Kamala Harris in the presidential election sparked a wave of optimism as crypto investors began hoping that Trump would make good on his promises, including ending Biden’s war on crypto and setting up a BTC reserve for the US Treasury Department. The president-elect is expected to transform crypto policy in favor of the crypto industry in the US
