World Liberty Financial saw a significant influx of purchases after a whale purchased WLFI tokens worth $3 million. In a single transaction, the whale acquired 200 million WLFI, or 1% of the token’s total supply.
A purchasing whales flowed to World Liberty Financial (WLFI), the Trump-backed DeFi fund. The purchase involved 200 million WLFI tokens, accounting for 1% of the supply. The recent purchase comes after rumors of a crypto-friendly executive order immediately after Donald Trump took office.
The whale purchase also came on a day of growing crypto exuberance, with Bitcoin (BTC) rebounding by $5,000 in a day, and Ethereum (ETH) erasing its dip below $3,000 within hours. With days left until the start of Trump’s second term, the market is looking to extend the post-election rally of the final months of 2024.
WLFI was bought out more slowly than expected as the project has a cap price of $30 million instead of the original $300 million. World Liberty Financial launched at a time when crypto fundraising shifted to memes, with little remaining interest in selling non-transferable tokens.
The WLFI token is still not in circulation or traded and has a fixed price of $0.15. Once the entire token supply is sold, WLFI will begin issuing passive proceeds.
The fund will launch a version of Aave that uses passive income from crypto lending. The WLFI token will be used for voting and governance, and there is no set timeline for it becoming a tradable asset. Aave’s model proved to be one of the most attractive in DeFi, offering accessible lending for trading, especially during the bull market.
New purchase came from a wallet with high activity
The new purchase came from a high activity wallet, which was used as an intermediary. The address is also tagged as the owner of a multisig, possibly belonging to a DeFi project. The purchase is a significant commitment as the WLFI tokens can be held indefinitely, at a time when most crypto investors are looking for faster turnover.
The buyer’s wallet was first funded by an address with a fake name, lexiseni.eth. This wallet contains Ethereum memes from previous bull markets, with a predominance of SHIB.
All affected wallets show signs of significant DeFi activity and swaps, showing that crypto insiders are well aware of Trump’s project and can afford to buy in, even with the waiting period for WLFI.
WLFI is seeing slow but steady buying
World Liberty Financial’s wallets see a steady influx of purchases ranging from 0.012 to 2.2 ETH. In addition to the main token multisig wallet, two of the main selling wallets are showing high activity in two large-scale wallet clusters. These clusters reflect WLFI’s rapid trading and transfers to smaller wallets. The bulk of the buying comes after ETH and USDC inflows, as the fund already holds $75.58 million in various digital assets.
WLFI shows high activity in its two main sales portfolios, but whale purchases are rare. | Source: Bubblemaps
World Liberty Financial’s portfolio benefited from the ongoing bull market, along with strategic purchases of DeFi assets. The fund has acquired Chainlink (LINK), Aave (AAVE), ONDO (ONDO), and Ethena (ENA), some of the most active tokens in the DeFi space. Additionally, the fund’s portfolios receive random meme tokens, which create a ‘long tail’. So far, the tokens are sent for exposure, and most have limited value to the fund.
The purchases come from regular crypto and NFT users, with more than 23,000 holders already. Despite the publicity, the sign is only spread as far as some of the niche memes.
The total supply of WLFI amounts to 100 billion tokens, which suggests a fully diluted value of $1.5 billion even without the ability to trade and move to a higher price range. Recent purchases by crypto insiders large and small have left 80% of the tokens in the hands of the fund’s creators, Donald Trump Jr. and Eric Trump.
The overall market exuberance for Trump’s second term also affected Trump Media & Technology Group Corp (DJT). The stock price rose from recent lows of $34.92 to $42.91, closer to its highest level in the past year.
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