Trump Family’s World Liberty Financial Plans To Buy More TRON (TRX)
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World
Liberty
Financial,
the
crypto-based
project
backed
by
Donald
Trump
and
his
family,
will
acquire
more
TRON
(TRX)
tokens
after
purchasing
$9.8
million
worth
of
Wrapped
Bitcoin
(WBTC),
CoinDesk
reported,
citing
a
person
familiar
with
the
plan.
World
Liberty
Financial
now
holds
$352
million
worth
of
crypto,
including
$181
million
of
Ethereum
(ETH),
$56
million
WBTC,
$32
million
of
staked
ether
(STETH),
and
$7.4
million
of
TRX,
according
to
blockchain
analysis
platform
Arkham.
Most
token
buys
come
after
sales
of
the
project’s
WLFI
tokens.
Of
the
25
billion
tokens
still
available,
around
2.4
billion
were
sold.
World
Liberty
Financial
Has
Raised
$1.1
Billion
Since
the
World
Liberty
Financial
platform
was
launched
in
September,
it
has
raised
$1.1
billion.
At
the
beginning,
the
platform
said
it
would
sell
20%
of
the
100
billion
tokens
they
created.
However,
the
website
soon
listed
an
additional
5
billion
tokens.
After
the
$TRUMP
and
$MELANIA
meme
coins
were
launched,
WLFI
token
sales
surged.
Most
crypto
purchases
occurred
several
hours
before
Trump’s
inauguration
ceremony.
????BREAKING????
President
Trump’s
World
Liberty
Financial
purchased
another
$9.8
million
in
Wrapped
BitcoinSomething
BIG
is
brewing
????
pic.twitter.com/FX1D5PonNA—
Quinten
|
048.eth
(@QuintenFrancois)
January
23,
2025
Meanwhile,
a
regulatory
overhaul
is
planned
after
Gary
Gensler
leaves
the
chief
role
of
the
Securities
and
Exchange
Commission
(SEC).
“I
am
looking
forward
to
seeing
the
Trump
administration’s
pro-crypto
stance
inspire
and
develop
policies
and
initiatives,”
said
TRON
founder
Justin
Sun.
”That
will
drive
innovation
and
promote
financial
inclusion,
ensuring
cryptocurrency
becomes
accessible
to
a
wider
audience.”
Sun
purchased
$30
million
worth
of
WLFI
tokens
last
November,
becoming
the
largest
investor
in
the
project.
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