Trump’s family crypto venture World Liberty Financial exchanges more WBTC for ETH and USDT

A wallet believed to belong to Donald Trump’s family 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 venture established by President-elect Donald Trump and his family, has been involved in a series of transactions as flagged by blockchain analytics firm Arkham Intelligence. 

World Liberty Financial’s crypto wallet goes active, swaps WBTC for ETH and USDT

What the heck is World Liberty Finance (aka. Trump) doing swapping ~10m WBTC for ETH through COW.

Please pump my ETH bags Mr. Orange man. pic.twitter.com/DjpfbIWiNd

— Smol capital (@smolresearcharc) January 15, 2025

According to the on-chain data, the wallet exchanged 103.1493 WBTC for 3,075.198 ETH, a transaction worth about $9.917 million. The wallet also converted another 16.6199 WBTC for 1.7 million USDT through the Cow Protocol and subsequently transferred 11,917.635 ETH worth about $38.396 million to Coinbase Prime.

Trump established the crypto venture in mid-September through a live stream on X, describing it as a “decentralized finance” initiative centered around a crypto token called WLFI. Trump featured three of his sons in the project, including Eric Trump, Donald Trump Jr., and Baron Trump, as the project’s Web3 ambassadors. However, the 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 collaboration between the synthetic dollar provider and Trump’s crypto project will integrate Ethena’s staked synthetic dollar (sUSDe) token into World Liberty Financial’s Aave instance.

The collaboration will allow users to deposit USDe and earn rewards using both World Liberty’s WLFI token and sUSDe. Ethana announced the alliance on X and emphasized that the proposal aims to increase stablecoin liquidity and utilization rates within the protocol, similar to the effect of sUSDe’s integration into Aave’s Core instance. 

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 single World Liberty Financial token holder then. 

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 venture also purchased Ether, AAVE, ONDO, Chainlink, and cbBTC for about $30 million.

The venture sold only 848.63 million WLFI tokens for $12.7 million in its first 24 hours, leaving 19.1 billion tokens up for grabs. Afterward, the venture’s token sales slowed down. 

According to the official website of 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 website reveals that the venture still has 14.65 billion tokens available for purchase.

Crypto investors bet on Trump to transform the crypto after his inauguration

Although the project is a massive sign that Blockchain technology is growing rapidly, a few concerns from conflict of interest critics emerged. The launch of a new crypto token raises questions about investors buying into the project to earn influence or Trump pushing on regulators to greenlight his personal businesses, especially now that agencies such as the SEC and Commodity Futures Trading Commission have received pro-crypto appointments from the President-elect.

Trump has been a strong advocate of crypto and blockchain technology. He took the world by storm last year during his campaigns when he addressed crypto enthusiasts at the Bitcoin Conference 2024 event in a bid to lure crypto investors to vote for him. 

Trump made promises to the crypto community, making him the best alternative for U.S.-based crypto voters. His victory against Kamala Harris in the presidential elections sparked a wave of optimism as crypto investors began to hope Trump would deliver on his promises, including ending Biden’s war on crypto and establishing a BTC reserve for the U.S. Treasury. The president-elect is expected to transform crypto policies in favor of the crypto industry in the U.S.

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