The post Tron DAO Injects $45M into World Liberty Financial appeared first on Coinpedia Fintech News
As pro-crypto US President-elect Donald Trump prepares to take office tomorrow, the World Liberty Financial (WLFI) ecosystem has gained notable recognition in the cryptocurrency space. The initial pre-sale of the WLFI token sold out 20 billion units, fueled by whale investors seeking a share of the DeFi protocol.
As a result, the World Liberty Financial team opened an additional 5 percent of the WLFI token supply, thus increasing the pre-sale to 25 billion units. At the time of this writing, 800 million WLFI tokens of the 5 billion additional units had been sold.
Tron DAO Solidifies WLFI’s Investment
After Tron DAO invested $30 million in World Liberty Financial late last year and Justin Sun joined the DeFi protocol as an advisor, the top-tier web3 ecosystem backed by TRX has increased its stake. According to Sun, Tron DAO has invested another $45 million in World Liberty Financial, thus increasing its total stake to about $75 million.
As Tron DAO increased its confidence in World Liberty Financial, more whale investors proliferated to the token pre-sale. According to on-chain data analysis by spot on chain, whale investor convexcuck.eth spent 1,082 ETH and $1.39 million in $USDT and $USDC to purchase 323,226,263 $WLFI tokens in the past 24 hours.
Market Impact
The continued growth of World Liberty Financial is a constant reminder that the new Trump administration is keen on adopting the web3 protocols and digital assets. Already, the upcoming POTUS and First Lady have launched their memecoins on Solana to engage their communities.
As of this writing, Official Trump (TRUMP) and Melania Meme (MELANIA) had a combined market capitalization of about $13.5 billion, in less than 48 hours after their launch. Interestingly, the rising demand for the two memecoins resulted in heavy Solana network congestion.
Meanwhile, the Tron network will have an easy time penetrating the U.S. market under the Trump administration, and potentially having a spot TRX ETF approved.
