Trump-Backed WLFI Buys $12M in ETH, LINK, and AAVE, Total ETH Holdings Reach $56M

World Liberty Financial (WLFI), a decentralized finance project promoted by President-elect Donald Trump, has made significant purchases of Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) using USD Coin (USDC). On Dec. 12, the WLFI multisignature wallet recorded transactions worth $12 million, with the bulk spent on Ethereum.

Blockchain data from Etherscan shows WLFI acquired 2,631 ETH for $10 million at an average price of $3,801 per token. This purchase brought the project’s total Ethereum holdings to over 14,500 ETH, worth more than $56 million. Shortly after the transaction, Ethereum’s price surged 6.86% within 24 hours.

Trump's World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE!

In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8.https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ

— Lookonchain (@lookonchain) December 12, 2024

LINK, AAVE Rise After Trump Purchase

The project also invested $1 million each in Chainlink and Aave. WLFI bought 41,335 LINK tokens at $24.2 per unit, and 3,357 AAVE tokens at $297 per unit. Both tokens saw notable price increases following the purchases, with LINK rising over 20% and AAVE climbing more than 33% in a day.

This crypto buying spree follows a $30 million investment in WLFI by TRON founder Justin Sun, who has since joined the project as an advisor. Sun announced his support on social media, highlighting his belief in the U.S. becoming a hub for blockchain innovation under Trump’s leadership.

Launched in September, WLFI positions itself as a decentralized money market allowing users to borrow, lend, and earn interest on crypto assets. Despite scaling down its initial fundraising target, the project has raised over $55 million, boosted by high-profile endorsements and investments.