World Liberty Financial’s platform’s wallet acquired over $47 million in wrapped Bitcoin, $47 million in Ethereum, $4.4 million in AAVE, and $4.5 million in Tron [TRX], among other assets.
Additionally, the wallet made purchases of $4.5 million in Ethena [ENA] and $5.5 million in Chainlink [LINK].
These transactions were part of a broader surge in WLFI token sales, which exceeded $1 billion by Monday morning, with over 21.7 billion of the total 25 billion tokens sold.
While the WLFI is led by Zachary Folkman and Chase Herro, the Trump family has actively supported the project, with Donald Trump designated as the “Chief Crypto Advocate,” and his sons, Eric and Donald Jr., serving as “Web3 Ambassadors.”
Barron Trump is also listed as a “DeFi Visionary.”
The digital dollar and retail crypto interest
In the wake of President Donald Trump’s inauguration, the crypto landscape in the United States is poised for significant transformation.
President Trump, who previously expressed skepticism towards digital currencies, has now embraced them, launching a new crypto venture and committing to establishing the U.S. as a “crypto hub.”
Key potential initiatives include the creation of a U.S. Bitcoin reserve and the appointment of a crypto “czar” to oversee the sector.
The Federal Reserve has been exploring the concept of a central bank digital currency (CBDC), aiming to provide a digital form of central bank money accessible to the public.
However, with the new administration’s focus on integrating cryptocurrencies into the financial system, the trajectory of the CBDC initiative remains uncertain.
What are the geopolitical implications?
The strategic embrace of cryptos by the Trump administration carries significant geopolitical weight.
A digital dollar could serve as a counterbalance to China’s digital yuan, which has steadily gained traction in cross-border trade and emerging markets, challenging the dominance of the U.S. dollar.
Globally, the EU and India are exploring their own CBDCs, signaling a race to define the future of digital currency.
As Trump champions crypto integration, the U.S. may aim to reclaim financial influence amid growing competition in the digital economy.
