Key Notes

Key Notes:

WLFI spent $1.4 million in USDC to acquire 2.52 million MOVE tokens on Thursday.It also purchased 52 wrapped Bitcoin (WBTC) for $5 million.Since late November 2024, the project has amassed over $315 million in crypto assets.

World Liberty Financial (WLFI), the Donald Trump-backed decentralized finance (DeFi) platform, has made another round of crypto purchases, adding MOVE tokens MOVE $0.49 24h volatility: 1.5% Market cap: $1.19 B Vol. 24h: $112.46 M and wrapped Bitcoin WBTC $96 595 24h volatility: 1.4% Market cap: $12.47 B Vol. 24h: $214.76 M to its growing portfolio.

As per the data by blockchain analytics platform Nansen, WLFI spent around $1.4 million in USDC stablecoin to acquire 2.52 million MOVE tokens, the native utility asset of Movement Labs, through multiple transactions on February 13. The project also used $5 million in USDC USDC $1.00 24h volatility: 0.0% Market cap: $57.09 B Vol. 24h: $3.14 B to purchase 52 WBTC.

Beyond these acquisitions, WLFI continued its staking and lending activities. It allocated 2,221 ETH ETH $2 770 24h volatility: 4.6% Market cap: $333.84 B Vol. 24h: $18.34 B (worth around $5.9 million) to Lido Finance and deposited another $5 million USDC into Aave’s lending protocol. Notably, the entity had already bought 830,469 MOVE tokens and 1,917 ETH earlier this week.

WLFI’s latest moves align with its recent announcement of launching a strategic token reserve called “Macro Strategy”. The reserve aims to diversify holdings, mitigate financial risks, and enhance liquidity. It is also in discussions with multiple traditional financial institutions, encouraging them to contribute tokenized assets to its ecosystem.

Since November 2024, WLFI has accumulated over $315 million in crypto assets. This includes 63,030 ETH purchased at an average price of $3,331 and 699 WBTC acquired at an average price of $105,197. The platform has also invested heavily in TRX TRX $0.24 24h volatility: 0.6% Market cap: $20.30 B Vol. 24h: $476.96 M , LINK LINK $17.82 24h volatility: 2.9% Market cap: $11.37 B Vol. 24h: $411.23 M , AAVE AAVE $248.4 24h volatility: 3.4% Market cap: $3.75 B Vol. 24h: $310.89 M , and ENA ENA $0.45 24h volatility: 1.1% Market cap: $1.41 B Vol. 24h: $286.90 M .

To maintain liquidity, WLFI holds substantial stablecoin reserves, with $37.26 million in USDC and $10.84 million in USDT USDT $1.00 24h volatility: 0.1% Market cap: $142.50 B Vol. 24h: $21.07 B as of early February.

The project has already sold over 96% of its WLFI token supply, with 926.9 million tokens remaining. However, these tokens are currently non-transferable, meaning holders cannot trade them in secondary markets. However, the community is still hopeful about the potential for an exchange listing or airdrop.

Despite its rapid expansion, WLFI has faced growing skepticism within the crypto community. While branding itself as a DeFi platform, its structure raises concerns about centralization. Its governance token remains locked, preventing investors from trading it, and its revenue model diverts 75% of net profits to a Trump-affiliated entity — an approach rarely seen in decentralized projects.

Additionally, WLFI’s co-founders, Chase Herro and Zachary Folkman, previously ran Dough Finance, a struggling DeFi lending platform. Herro’s connections to the Trump family, through his father’s close ties to the president, further add to the project’s political and financial backing.

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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it’s dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.

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