Trump’s DeFi Platform Will Be Loaded On Crypto Assets.

On January 21, Donald Trump Jr. called his purchases “Donald J. “To celebrate the inauguration of Trump as the 47th President of the United States,” he announced.

The family's World Freedom Finance DeFi platform has made several “strategic buys,” including $47 million worth of Bitcoin (wBTC) and $47 million worth of Ethereum.

There were also $4.7 million collections of Aave (AAVE), Chainlink (LINK), Tron (TRX) and Etena (ENA).

Donald J. To celebrate Trump's inauguration as the 47th President of the United States, $WLFI is proud to announce the following strategic acquisitions today.

$47,000,000 ETH$47,000,000 wBTC$4,700,000 Aave$4,700,000 LINK$4,700,000 TRX$4,700,000 ESA

We are excited for…

— Donald Trump Jr. (@DonaldJTrumpJr) January 21, 2025

Table of Contents

Toggle

Waiting on the strategic reserve

However, “Strategic Reserves are not what everyone wants,” comments Bloomberg ETF analyst James Seifert, while investor Zach Voll calls it “the strategic rolled-up bitcoin reserve.”

David Bailey, CEO of Bitcoin Magazine, commented, “Trump's crypto team has started turning the Treasury's $4.7m slugs into Bitcoin!”

Meanwhile, Tether Strategy Advisor Gabor Gurbax commented on the lack of crypto recognition in Trump's speech.

“Donald Sr. could have mentioned Bitcoin once in his speech. Bitcoiners have done a lot to choose it and make it all possible.

President Trump has begun signing executive orders since taking office on Monday. However, he has yet to sign off on what the entire crypto industry is waiting for – his planned Bitcoin strategic reserve.

World Freedom Finance has been loading up on Ethereum lately, and its portfolio is heavy on the asset, with nearly 57,000 ETH representing more than half of its holdings of around $184 million, according to Arcam.

The platform sold out of WLFI tokens this week, but has restarted the sale with 5% of the supply, or 5 billion tokens, at $0.05 each, bringing the initial $20 billion presale price to $0.015.

The platform has sold 22 billion of the 25 billion Illiquid tokens offered, according to the official website at the time of writing.

Crypto markets began to breathe

Total market capitalization fell to $3.64 trillion in the last few hours as markets cooled following the inauguration.

Bitcoin hit an all-time high of $109,400 on Monday before retreating to $102,000 in the early morning Asian trading session.

Ethereum can only manage to $3,430 before sliding again as it has been doing for several months. ETH was trading at around $3,250 at the time of writing.

The altcoins were a mixed bag, and the recently launched cryptocurrency TRUMP, a 30% loss on the day, was plunging heavily to $32 following criticism from crypto industry experts and observers.