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Trump-Backed World Liberty Financial Snaps Up $21.5M in WBTC, ETH, MOVE
The WLFI purchases come days ahead of a White House Crypto Summit scheduled on Mar. 7.
What to know:
World Liberty Financial (WLFI), the decentralized finance (DeFi) venture tied to U.S. President Donald Trump and his family, added over $21.5 million worth of ether (ETH), wrapped bitcoin (WBTC), and MOVE tokens to its treasury on Wednesday, data shows.
WLFI acquired 4,468 ETH at roughly $2,238 each (totaling $10 million), 110.6 WBTC at $90,415 (another $10 million), and 3.42 million MOVE tokens at $0.438 apiece ($1.5 million).
The WLFI purchases, where Trump and his sons hold ambassadorial roles, come days ahead of a White House Crypto Summit scheduled on Mar. 7, where the President is set to meet with several high-profile crypto founders.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
