World Liberty Financial (WLFI), a decentralized finance (DeFi) platform linked to Donald Trump, made million-dollar purchases of wrapped bitcoin (wBTC) and ether (ETH), Ethereum’s native cryptocurrency, after the Republican leader became president from the United States.
According to Arkham Intelligence, WLFI acquired 14,403 ETH and 470 wBTC, both for a total of $47 million. As CriptoNoticias has reported, wBTC is an ERC-20 token on Ethereum that allows bitcoin (BTC) to be represented on other chains and used on DeFi platforms.
The same explorer then detected that there were purchases of $4.7 million in chainlink (LINK), $4.7 million in avalanche (AAVE), $4.7 million in tron (TRX), and $4.7 million in ethena dollars (ENA).
The figures of these transactions refer to the number of Trump’s presidency, number 47 in United States history.
So far, it is important to note that No representative of WLFI referred to these transactions.. The moves caught the attention of investors, who hoped the president would make some mention of BTC and cryptocurrencies.
However, despite the expectations that had been generated, There was no mention of the topic.
Juan Rodríguez, cryptocurrency market analyst, said In this regard: “Trump knew that he was not going to talk about bitcoin in his first speech. He drained liquidity with his memes, did not quote BTC and just bought 470 wBTC tokenized on Ethereum. “They are clear… they took advantage of their possession to make money.”
According to Rodríguez, the DeFi platform, under the control of Donald Trump Jr., and Eric Trump may have taken advantage Trump’s lack of immediate push for bitcoin, which prevented the expected price rise. In fact, sales were recorded due to unmet expectations.
Likewise, he points out that he took advantage of the right moment to launch the TRUMP memecoin, with which he attracted much of the market’s liquidity and attention. In just 3 days, the cryptocurrency’s market capitalization exceeded $8 billion, according to data from CoinMarketCap.
In his first speech as president, Trump put aside the issue of cryptocurrencies, focusing on unity, the fight against inflation and energy self-sufficiency. He also promised a “common sense revolution” and measures to reduce costs and prices. In addition, he announced the creation of the “External Revenue Service” and the review of trade policies to protect American workers and families, without going into details about his fiscal promises towards countries like China.
Finally, it should be noted that WLFI is a DeFi platform that will offer cryptocurrency lending services on Ethereum. However, an issue that generates uncertainty is that, while the million-dollar purchases of digital assets continue, The plans for this development are not yet known.
