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As per a latest development, World Liberty Financial, the Defi project linked to President Trump has plans to buy more TRX tokens just days after a $2.6 million purchase. Notably, the project will buy an additional $2.65 million of TRX this week.
World Liberty Financial, the decentralized finance (DeFi) project linked to President Donald Trump, plans to buy more of Tron’s TRX token just days after a $2.6 million purchase, according to a person familiar with its plans.
The project will buy another $2.65 million of TRX this week, after purchasing $9.8 million of wrapped bitcoin (WBTC) on Thursday.
Notably, World Liberty Financial now holds $352 million worth of crypto tokens including $181 million of ether (ETH), $56 million WBTC, $32 million of staked ether (STETH) and $7.4 million of TRX, data from Arkham shows.
The project is nearing the end of its WLFI token sale, with only 2.4 billion tokens left out of the 25 billion total. Since launching in September, it has raised $1.1 billion. Notably, It has raised a total of $1.1 billion since the sale went live in September.
The surge in activity is driven by the pro-crypto stance of the new U.S. administration, which is planning a regulatory overhaul after Gary Gensler’s departure as SEC chair.
“I am looking forward to seeing the Trump administration’s pro-crypto stance inspire and develop policies and initiatives that will drive innovation and promote financial inclusion, ensuring cryptocurrency becomes accessible to a wider audience,” Tron founder Justin Sun, who purchased $30 million worth of WLFI tokens in November, said in a statement shared with CoinDesk.