Trump’s World Liberty Financial wants to build a ‘strategic’ token reserve: report

Trump’s World Liberty Financial wants to build a 'strategic' token reserve: report


World Liberty Financial, President Trump’s DEFI platform, plans to create a cryptographic strategic reserve by buying more tokens.

According to a Bloomberg reportThe co-founder of World Liberty Financial, Chase Herro, said that the platform aims to build a “strategic reserve” using the cryptocurrency that the project bought. However, he did not specify what type of goal for the reserve.

Depending on the data of Arkham IntelligenceA portfolio linked to World Liberty Financial recently bought 342,000 Ondo (Ondo), which is WLF’s governance token, for $ 470,000 USDC (USDC) on the cow protocol. This brings Ondo Holdings from World Liberty Financial at 342 002 Ondo, worth around $ 478,800.

WLF also bought Ondo tokens worth $ 245,000 two months ago before sending them to Coinbase Prime. On the same day, Ondo Finance announced that the launch of his own layer 1 blockchain called the Ondo channel.

According to data From crypto.News, Ondo fell slightly 0.06% in the last 24 hours and almost 8.5% last week. The token is currently negotiated at $ 1.40. Ondo’s 24 -hour negotiation volume amounts to more than $ 660 million.

Trump's World Liberty Financial wants to build a reserve of
Price board for Ondo on February 7, 2025 | Source: Co Ringecko

WORLD Liberty Financial Crypto Portfolio Financial

At the time of writing this document, World Liberty Financial A Crypto Holdings worth around 34.03 million dollars. WLF crypto wallet consists of a variety of cryptographic assets, with most of its stakes stored in USD Coin and Tron (Trx). In addition, WLF also retains funds in the ether marked by Lido (Steth), Tether (USDT), Ethereum (Ethn), Ondo, glue Ai, American Coin, Grok, Hoppy, Tap Protocol and Rekt.

WLF currently holds $ 14.9 million in USD parts, followed by $ 9.31 million in TRX and $ 5 million in Steth. In addition, WLF has a total of 538.19 ETH, worth around 1.47 million dollars.

January 31, WLF bought A large part of Ethereum worth $ 10 million after the cryptographic markets crashed due to President Trump announced that he would apply prices on Mexico and Canada. The project had previously bought $ 47 million from Ethereum on the day of the inauguration of Trump.

Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.

Post Comment