World Liberty Financial, a DeFi lending and borrowing platform linked to President-elect Donald Trump, has purchased 134,216 ONDO tokens worth $250,000, spurring a significant price surge for ONDO.
ONDO price surged by almost 20% following the purchase news, hitting a new all-time high of $2.14, before slightly pulling back to around $2.09 at press time.
Source: CoinGecko
World Liberty Financial adds 134,216 ONDO tokens to its portfolio
The transaction, which took place on December 16th at 6:51 UTC+8, was facilitated through the Cow Protocol, according to on-chain data from Arkham Intelligence.
The acquisition marks a notable expansion for World Liberty Financial, which has been actively acquiring digital assets in recent weeks.
The purchase comes amid a broader strategy to bolster the platform’s crypto portfolio, which now stands at $83.98 million.
The platform’s recent purchases include Ether, Aave, and Chainlink, adding significant digital assets to its portfolio.
On December 12th, World Liberty Financial purchased 2,631 ETH for $10 million, 41,335 LINK for $1 million, and 3,357 AAVE for $1 million.
According to Arkham, World Liberty Financial’s portfolio currently includes a significant holding in Ether valued at $58.51 million, alongside smaller amounts of CBBTC, USDC, and USDT stablecoins.
The DeFi platform also owns tokens like LINK, valued at $2.27 million, and AAVE, valued at $2.30 million, and ENA tokens worth $627.25K.
Source: Arkham
The purchase of ONDO by World Liberty Financial is part of a larger trend of increased investment in digital assets by prominent figures in the crypto space.
Justin Sun, the founder of TRON, recently invested $30 million in World Liberty Financial by purchasing its native token, WLFI.
Sun’s investment came after the platform struggled to meet its presale goals, indicating confidence in the project’s potential.
The Trump-linked crypto venture has been making waves since its launch in September, particularly following the involvement of major investors like Sun.
The presale of WLFI tokens is still ongoing, with the Trump family aiming to sell 20 billion tokens.
The sale has already seen 4.97 billion tokens sold at $0.015, with the remaining 15 billion still available.
The DeFi platform’s strategy seems to be focused on attracting a wide range of investors, including accredited US investors who were offered the opportunity to participate in the presale starting October 15th.
As World Liberty Financial expands its footprint in the DeFi space and continues to make strategic investments in digital assets, the market will be watching closely to see how ONDO and other tokens in its portfolio perform in the coming weeks and months.
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