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Trump’s latest venture, decentralized finance (DeFi) protocol World Liberty Financial, has exchanged nearly $10M worth of Wrapped Bitcoin ($WBTC) for Ethereum ($ETH). The wallet then converted $1.7M worth of $ETH to $USDT and transferred a total of $38.4M to Coinbase.
The company’s native token, $WLFI, responded with a 9.7% 24-hour bump.
What does this sudden activity mean for WLFI and the broader crypto market?
Let’s zoom in.
World Liberty Financial Portfolio Overview: $ETH, Meme Coins, and $GROK
Yesterday’s $9.9M $ETH investment sparked bullish sentiment among the token’s holders.
One of the reasons behind it could be WLFI’s recent partnership with Ethana Labs, a DeFi platform built on Ethereum. WLFI protocol will integrate Staked Synthetic Dollar ($sUSDe) and reward users for using both $WLFI and $sUSDe.
World Liberty Financial’s wallet now holds $16.7M, mostly in $USDC ($7.07M), followed by $ETH ($3.73M), $AAVE ($1.81M), $WBTC ($1.71M), and $LINK ($1.62M).
Other noteworthy tokens in Trump’s chest are meme coins $USACOIN, $REKT, and $PEPEDOGE, as well as $GROK – the native token of Musk’s new AI chatbot.
In November, Tron ecosystem’s founder Justin Sun invested $30M in the protocol through the $WLFI token presale. This makes Sun the largest $WLFI whale.
Funnily, we found $CUMMIES and $PUPPIES but no $TRON in WLFI’s portfolio.
7 Days Remain Until $FLOCK Takeoff, $10M Raised
Trump’s interest in crypto appears to be genuine, and analysts expect his presidency to boost the entire market.
The effect could be particularly pronounced for decentralized protocols and organizations akin to WLFI. One such project is Flockerz, a decentralized autonomous organization (DAO) that is set to launch in seven days.
Currently on presale, Flockerz’s native token $FLOCK costs $0.0066883. This is the lowest possible entry point into the project, as after $FLOCK lists on exchanges, its price could surge massively.
The project generated over $10.1M in funding, including several whale transactions worth over $50K each. Early adopters have staked over 657M $FLOCK so far at a 274% APY.
$FLOCK is the DAO’s governance token, allowing its holders to earn rewards for voting on key development proposals.
Just a week remains until Flockerz DAO spreads its wings and rolls out the Vote-to-Earn mechanism. Until then, you can hop in the nest through Flockerz’s official website or Best Wallet’s presale aggregator.
$FLOCK and the Crypto Market Set for a Bullish Week
Trump’s crypto venture is building up its portfolio ahead of Inauguration Day, less than a week away.
Next week, the entire crypto market could see substantial upside, including $FLOCK, which will break free from its nest and become a bird of a different feather right in time for the altcoin rally.
But, as they say – don’t put all your eggs in one basket. Remember to DYOR and diversify your investments to offset potential losses.
