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Over the weekend, World Liberty Financials scooped up a new batch of altcoins, stacking thousands of Etherna (ENA) and Ondo (ONDO).
Donald Trump’s World Liberty Financial (WLFI) has ramped up operations preparation with its latest incessant cryptocurrency purchases. For context, the decentralized finance (DeFi) protocol has been buying a series of digital assets lately, with six cryptos already in the stash.
On-chain data shows that the Donald Trump-affiliated crypto project went crypto shopping over the weekend. The protocol added new altcoins, including Ondo Finance (ONDO) and Etherna (ENA).
World Liberty Financial Stack Thousands of ONDO, ENA
According to Etherscan, WLFI slashed USDC on Sunday to secure some Ondo tokens. At 22:51 (UTC) on Dec. 15, the DeFi protocol’s multi-signature address swapped 250,000 USDC for 134,216 ONDO.
Notably, World Liberty Financial acquired the ONDO stash through the CoW protocol at an average cost of $1.86 per coin. Meanwhile, the stash has already yielded a $10,000 profit, as the ONDO token has appreciated substantially since its purchase.
The Sunday purchase followed the Trump family business’s purchase of Etherna on Saturday. Data shows that World Liberty Financial’s multi-signature address exchanged 500,000 USDC for 509,955 ENA at an average cost of $0.98 per coin.
Meanwhile, the WLFI wallet’s major holdings now inclujde five altcoins besides stablecoins and the Coinbase Wrapped Bitcoin (cbBTC), worth nearly $85 million. The new protocol started the acquisition in late November and has since bought Ethereum, Chainlink, Aave, Ondo, and Etherna.
WLFI Prepares for Business
The recent stash aligns with World Liberty Financial’s proposed line of business. The DeFi protocol teased upsetting the traditional financial system by offering better borrowing and lending services.
With activities ramping up, the WLFI is still far from its intended $300 million token sales. Notably, the protocol’s token sales have been underwhelming, attracting only $44.7 million, besides Justin Sun’s $30 million investment last month.
Meanwhile, the crypto market expects more activity on the WLFI multi-signature account. Market observers believe the firm will buy more niche assets soon to boost its cryptocurrency stash.