Wallets Linked to Trump-Affiliated World Liberty Financial (WLFI) Add $36,767,736 Worth of Ethereum: Report

The Trump-affiliated decentralized finance (DeFi) project World Liberty Financial (WLFI) has been on an Ethereum-buying spree.

On-chain analyst Ai tells their 102,900 followers on the social media platform X that three WLFI addresses accumulated 10,013.54 Ethereum (ETH) in just six days.

The trove was accumulated for approximately $35.98 million, with an average purchase price of $3,593 per ETH, according to the analyst.

President Donald Trump’s recent financial disclosure with the U.S. Office of Government Ethics indicated he pocketed more than $57.3 million worth of income from World Liberty.

Recently, however, a corporate entity linked to Trump and his family quietly slashed its equity stake in the DeFi platform. The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in World Liberty.

Fine print on the platform’s website now indicates DT Marks owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial.

World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director, or employee of WLF Holdco LLC or World Liberty Financial.”

World Liberty launched the stablecoin USD1, which is designed to keep a 1:1 peg to the US dollar, in March.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Wallets Linked to Trump-Affiliated World Liberty Financial (WLFI) Add $36,767,736 Worth of Ethereum: Report appeared first on The Daily Hodl.

1.02K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.