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Trump-Affiliated World Liberty Financial Makes Another TRX Buy
The most recent purchase brings WLFI's TRX holdings to $7.5 million.
Updated Jan 22, 2025, 6:01 a.m. Published Jan 22, 2025, 5:45 a.m.
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What to know:
- Trump-affiliated World Liberty Financial made another purchase of TRX according to on-chain data.
- Sources close to the matter say the project will continue to buy TRX.
World Liberty Financial Financial (WLFI), the crypto project backed by the family of U.S. President Donald Trump, has made another purchase of Tron's TRX for its treasury on-chain data shows.
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“As a strong advocate for blockchain technology and innovation in cryptocurrencies, I'm excited to see World Liberty Financial integrate TRON as a key part of its growing treasury. TRX's inclusion as the fourth-largest asset in WLFI's holdings highlights its trust in the Tron blockchain network," Justin Sun, founder of Tron, said in a statement to CoinDesk."
This most recent purchase was to the tune of $2.6 million and adds an additional 10.8 million TRX to the WLFI treasury. The total holdings of TRX now come in at $7.5 million.
"With WLFI leading efforts to bridge traditional finance and crypto and the Trump administration's pro-crypto stance, the United States will become a major hub for innovation and cryptocurrency adoption,” Sun continued.
CoinDesk reported in mid-January that WFLI intended to purchase TRX and a Tron delegation attended Trump's inauguration.
WFLI is also holding $182 million in ETH, $48 million in WBTC, $7.2 million in Tether's USDT, $7 million in AAVE, and $6.7 million in Chainlink's LINK according to on-chain data with most token buys coming in before the inauguration.
Sources close to the matter say WLFI will continue to increase their TRX holdings.
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