The World Freedom Financial Initiative (WLFI), a DeFi project backed by US President-elect Donald Trump, has made headlines with a recent cryptocurrency acquisition worth $12 million.
On December 12, blockchain analytics firm Lookonchain <a target="_blank" href="https://x.com/lookonchain/status/1867036708983935325″>revealed that WLFI acquired 2,631 eth for $10 million at $3,801 per token. Additionally, he purchased 41,335 LINK and 3,357 AAVE, investing $1 million in each.
According to Arkham Intelligence dataThese purchases have increased the project's cryptocurrency holdings to a value of over $74.7 million. WLFI now holds approximately 14,576 eth (worth over $57 million), 102.9 cbBTC (valued at $10.3 million), and other assets such as USDC along with its newly acquired LINK and AAVE.
WLFI's significant cryptocurrency purchase appears to have influenced market conditions. According CryptoSlate According to data, both LINK and AAVE recorded price increases of more than 25% in 24 hours.
WLFI aims to position itself as a leading DeFi platform offering lending, borrowing and digital asset investment services. It also reportedly plans to introduce a proprietary stablecoin and tools to access third-party DeFi applications.
Market implications
The crypto community has been abuzz with speculation regarding WLFI's recent moves. Some believe the asset options align with an anticipated pro-cryptocurrency agenda under the Trump administration.
A pseudonymous cryptocurrency trader, Flow Horse, <a target="_blank" href="https://x.com/TheFlowHorse/status/1867045457697849631″>suggested that WLFI may have strategically invested in tokens that are expected to thrive under favorable US regulations.
Meanwhile, other industry analysts also point to WLFI's focus on DeFi, seeing purchases of LINK and AAVE as a sign of confidence in decentralized financial technologies over speculative assets like memecoins.
Chainlink Community Liaison, Zach Rynes, <a target="_blank" href="https://x.com/ChainLinkGod/status/1867048394574700780?t=FR1Zt3rSu_GPBk6jb2ZMcA&s=19″>highlighted that adopting Chainlink Price Feeds for WLFI's Aave V3 integration could be a driving factor behind the acquisition. He also noted that the purchases could reflect confidence in a more favorable regulatory environment under Trump's leadership.
Trump's changing stance on cryptocurrencies further fuels this narrative. Over the past year, the president-elect has strongly advocated for the industry during his campaign and made a number of pro-cryptocurrency appointments, including David Sachs as White House cryptocurrency czar.
Observers said these efforts demonstrate a commitment to delivering on his promises of regulatory clarity and industry support.
