Home Altcoins News Trump’s World Liberty Financial to Acquire Tron (TRX) Tokens

Trump’s World Liberty Financial to Acquire Tron (TRX) Tokens

TRX Token

World Liberty Financial (WLFI), a cryptocurrency project associated with the family of U.S. President-elect Donald Trump, is reportedly planning to acquire a significant amount of Tron (TRX) tokens for its treasury. According to sources familiar with the matter, this acquisition is set to strengthen the ties between WLFI and the Tron ecosystem, although specific details regarding the timing and volume of the purchase have yet to be disclosed.

Strategic Move to Strengthen Ties with Tron Ecosystem

This acquisition of TRX tokens would mark a notable development for World Liberty Financial, especially considering that Tron’s founder, Justin Sun, already serves as an advisor to the project. Sun’s influence and investment have been pivotal in WLFI’s development. He has invested $30 million into the project, making him the largest holder of WLFI tokens. This support has contributed significantly to the crypto project’s ability to raise $90 million through its WLFI sales.

World Liberty Financial’s Growing Crypto Portfolio

The move to acquire TRX tokens would add to WLFI’s already expanding portfolio of digital assets. In recent months, the project has made several high-profile acquisitions. For instance, in December 2024, WLFI spent over $12 million to acquire altcoins like Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). A few days after that, it embarked on another purchasing spree, acquiring Ondo (ONDO) and Etherna (ENA) for over $1 million.

Currently, WLFI’s blockchain wallet holds significant amounts of various tokens. These include 1,213 ETH, valued at approximately $4.01 million, 17.1 million USDC, 6,137 AAVE worth $1.95 million, and 78,387 LINK, valued at $1.89 million. Additionally, the wallet holds 17,620 WBTC, 741,687 ENA, 134,216 ONDO, and 83,525 USDT, along with several other altcoins in smaller quantities. This diverse range of assets underscores WLFI’s growing involvement in the broader cryptocurrency space.

TRX Price Reacts to the News

Following the CoinDesk report about World Liberty Financial’s plans to purchase TRX, the price of Tron saw a brief surge, hitting an intraday high of $0.2587. However, the excitement was short-lived, and the token quickly retraced, falling by 6.41% from its peak to $0.2421. As of the latest data, TRX has decreased by 0.95% in the past 24 hours and 0.38% over the past week.

Trump’s Inauguration and Crypto Community’s Involvement

With Donald Trump set to become the 47th president of the United States on January 20, the crypto community is eager to see how his administration will approach crypto regulation. Trump has been vocal about his support for the cryptocurrency sector, and there is growing optimism about more favorable regulations under his leadership.

As part of the celebrations surrounding his inauguration, a delegation from the Tron ecosystem is expected to attend the event. Furthermore, Tron has been identified as one of the crypto projects that have sponsored Trump’s inaugural ceremony, further solidifying the ties between the Trump family, the cryptocurrency industry, and the blockchain ecosystem.

This high-profile involvement of cryptocurrency projects in Trump’s inauguration highlights the increasing mainstream recognition of digital assets and the role they could play in shaping future financial landscapes.

In summary, World Liberty Financial’s acquisition of TRX tokens marks a significant step in its growing relationship with the Tron ecosystem, while also signaling increased institutional interest in the crypto space ahead of Trump’s presidential inauguration.

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Julie J

Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.

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