Whale buys into WLFI after rumors of a crypto-friendly executive order under Donald Trump’s presidency

Source Cryptopolitan

World Liberty Financial saw a significant inflow of purchases, after a whale bought WLFI tokens valued at $3M. In a single transaction, the whale acquired 200M WLFI, or 1% of the token’s total supply. 

A whale purchase flowed into World Liberty Financial (WLFI), the Trump-backed DeFi fund. The purchase was for 200M WLFI tokens, making up 1% of the supply. The recent purchase arrives after rumors of a crypto-friendly executive order coming immediately after Donald Trump takes office. 

The whale purchase also happened on a day of expanding crypto exuberance, where Bitcoin (BTC) recovered by $5,000 in a day, and Ethereum (ETH) erased its dip under $3,000 within hours. With days until the beginning of Trump’s second term, the market is trying to extend the post-election rally from the last months of 2024. 

WLFI was bought up more slowly than expected, as the project is capped at $30M instead of the initial $300M. World Liberty Financial launched at a time when fundraising for crypto shifted to memes, with little remaining interest for 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 start issuing passive yield. 

The fund will launch a version of Aave, tapping passive income from crypto lending. The WLFI token will be used for voting and governance, and there is no fixed timeline on becoming a tradable asset. Aave’s model turned out to be one of the most appealing in DeFi, offering accessible loans for trading, especially during the bull market. 

New purchase came from high-activity wallet 

The new purchase came from a high-activity wallet, used as an intermediary. The address is also tagged as a multisig owner, potentially belonging to a DeFi project. The purchase is a significant commitment, as the WLFI tokens may be held indefinitely, at a time when most crypto investors seek a faster turnover. 

The buyer’s wallet was first funded by an address with a vanity name, lexiseni.eth. This wallet contains Ethereum memes from previous bull markets, with a predominance of SHIB. 

All involved 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 time for WLFI. 

WLFI sees slow, but steady buying 

The wallets of World Liberty Financial see a constant inflow of purchases, ranging from 0.012 to 2.2 ETH. Besides the main token multisig wallet, two of the main sales wallets show high activity in two large-scale wallet clusters. Those clusters reflect the high-velocity trading and transfers of WLFI to smaller wallets. Most of the buying happens after inflows of ETH and USDC, as the fund already holds $75.58M in various digital assets. 

Whale buys into WLFI after rumors of a crypto-friendly executive order under Donald Trump's presidency
WLFI shows high activity from its two main sales wallets, but whale purchases are rare. | Source: Bubblemaps

The World Liberty Financial portfolio benefitted from the ongoing bull market, along with strategic purchases of DeFi assets. The fund acquired Chainlink (LINK), Aave (AAVE), ONDO (ONDO) and Ethena (ENA), which are some of the most active tokens in DeFi space. Additionally, the fund’s wallets receive random meme tokens, which create a ‘long tail’. So far, the tokens are sent for exposure, and most of them have limited value for the fund.

The buying comes from regular crypto and NFT users, with more than 23K holders already. Despite the publicity, however, the token is only distributed as far as some of the niche memes. 

The total supply of WLFI is 100B tokens, suggesting a fully diluted value of $1.5B, even without the ability to trade and move to a higher price range. The recent buying from large and small crypto insiders leaves 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 rallied from recent lows of $34.92 to $42.91, closer to its upper range for the past year.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ark Invest’s Cathie Wood Predicts Bitcoin To Hit $1.5 Million By 2030 — Here’s WhyCathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030.
Author  Bitcoinist
May 19, Mon
Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030.
placeholder
Gold price struggles to lure buyers as easing Middle East tensions offsets weaker USDGold price (XAU/USD) is trading higher during the Asian session on Wednesday and looking to build on the previous day's modest bounce from sub-$3,300 levels, or over a two-week low.
Author  FXStreet
Jun 25, Wed
Gold price (XAU/USD) is trading higher during the Asian session on Wednesday and looking to build on the previous day's modest bounce from sub-$3,300 levels, or over a two-week low.
placeholder
Solana (SOL) Breakout Watch: Price Could Rally Hard Above $150 Level?Solana started a fresh increase from the $125 zone. SOL price is now consolidating gains and aims for more gains above the $150 level.
Author  NewsBTC
Jun 25, Wed
Solana started a fresh increase from the $125 zone. SOL price is now consolidating gains and aims for more gains above the $150 level.
placeholder
Coinbase Hits New All-Time High — Outpaces Bitcoin with 38% Monthly SurgeCoinbase (COIN), the largest U.S.-based crypto exchange, has soared more than 38% over the past month, breaking its previous all-time high set in November 2021.
Author  TradingKey
Jun 27, Fri
Coinbase (COIN), the largest U.S.-based crypto exchange, has soared more than 38% over the past month, breaking its previous all-time high set in November 2021.
placeholder
Gold price declines to fresh two-week low, further below $3,300 ahead of US PCE dataGold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
Author  FXStreet
Jun 27, Fri
Gold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
goTop
quote