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.

Le contenu de cette page est fourni par des tiers. Sauf indication contraire, OKX n’est pas l’auteur du ou des articles cités et ne revendique aucun droit d’auteur sur le contenu. Le contenu est fourni à titre d’information uniquement et ne représente pas les opinions d’OKX. Il ne s’agit pas d’une approbation de quelque nature que ce soit et ne doit pas être considéré comme un conseil en investissement ou une sollicitation d’achat ou de vente d’actifs numériques. Dans la mesure où l’IA générative est utilisée pour fournir des résumés ou d’autres informations, ce contenu généré par IA peut être inexact ou incohérent. Veuillez lire l’article associé pour obtenir davantage de détails et d’informations. OKX n’est pas responsable du contenu hébergé sur des sites tiers. La détention d’actifs numériques, y compris les stablecoins et les NFT, implique un niveau de risque élevé et leur valeur peut considérablement fluctuer. Examinez soigneusement votre situation financière pour déterminer si le trading ou la détention d’actifs numériques vous convient.