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COINTURK NEWS > Cryptocurrency News > World Liberty Financial Makes Waves with $109 Million Crypto Investment
Cryptocurrency News

World Liberty Financial Makes Waves with $109 Million Crypto Investment

In Brief

  • World Liberty Financial invested $109.1 million in various cryptocurrencies.

  • TRON DAO increased its stake in World Liberty Financial significantly.

  • The aggressive investments have led to notable price increases across several cryptocurrencies.

Fatih Uçar
Fatih Uçar 4 months ago
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World Liberty Financial has invested a total of $109.1 million in six different cryptocurrencies within a single day. These investments include Ethereum (ETH) $2,412, Wrapped Bitcoin $103,958 (WBTC), ENA, TRX, AAVE, and LINK. In just the last hour, the company purchased $23.5 million worth of 7,022 ETH, $18.8 million worth of 174.1 WBTC, and $4.7 million worth of 5,037 ENA tokens.

Contents
Focus on Altcoin InvestmentsTRON DAO’s Investments in WLFI

Focus on Altcoin Investments

In the last 24 hours, World Liberty Financial invested $71.5 million in Ethereum, acquiring 21,425 ETH. This purchase aims to strengthen its position in the crypto market. Over the past three days, the company systematically increased its holdings in various crypto assets.

TRON DAO’s Investments in WLFI

On January 20, World Liberty Financial made further purchases, including $4.7 million for 19.3 million TRX in Tron, $4.7 million for 13,261 AAVE, and $4.7 million for 177,928 LINK. These transactions reflect the company’s diversification strategy across prominent blockchain networks like TRON and Ethereum.

TRON DAO, led by Justin Sun, has additionally invested $15 million in World Liberty Financial, increasing its total holdings to 3 billion WLFI tokens. Sun announced plans to raise TRON DAO’s investment in World Liberty Financial to $75 million, achieving a 3% ownership stake in the WLFI token.

World Liberty Financial’s aggressive investments have led to significant price increases for cryptocurrencies such as TRX, AAVE, LINK, ETH, WBTC, and ENA. Exchanges like Binance, Coinbase, and Kraken reported notable increases in trading volume for these assets.

In response to Donald Trump’s engagement with crypto projects, Justin Sun stated, “Building the Treasury for America’s Future.” Following the launch of Trump’s meme coin, First Lady Melania Trump also introduced her own MELANIA meme coin, which quickly surged to $13, achieving a market cap of $2 billion. This event triggered a 35% drop in the TRUMP coin and led to high market volatility.

Justin Sun’s statements and World Liberty Financial’s extensive investments have created a positive atmosphere among market participants. The company’s strategic maneuvers continue to have a significant impact on the cryptocurrency market.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 21 January, 2025 - 5:05 am 21 January, 2025 - 5:05 am
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