GetBlock Magazine – What was the deal? Wallets connected to Donald Trump’s Reality Freedom Monetary DeFi stage burned through 12 million USDC stablecoins on December 12 to purchase a few cryptographic forms of money. They purchased $10 million worth of ETH, as well as the Chainlink (Connection) decentralized prophet organization and Aave (AAVE) convention tokens, for $1 million each.
Source: X.com
What else is known? From that point onward, ETH acquired 6.7% and transcended $3,940, Connection rose 28.5% and arrived at a high of $29.18 since January 2022, and AAVE rose 30.6% to reach $358.33, a record high since September 2021.
World Freedom Monetary, drove by Trump’s children Eric and Donald Jr., as well as financial backers Steve and Zach Witkoff, Zachary Folkman, and Pursue Herro, was presented in August 2024 as an option in contrast to customary banks.
Based on the Ethereum blockchain and the Aave DeFi loaning convention, and involving the Chainlink standard for cross-chain interoperability, the stage offers a large number of administrations, including cryptographic money loaning and getting, liquidity pooling, and stablecoin exchanges. WLFI tokens are utilized to administer the task
Since the send off of the WLFI token deal on October 15, the task has raised $55.7 million, well underneath the initially arranged $300 million. In general, 62.66% of the resource supply has been allotted to the symbolic deal, with one more 17.33% reserved for member rewards and 20% saved for the group.
In late November, World Freedom Monetary raised $30 million from Justin Sun, the pioneer behind the TRON blockchain and top of the HTX and Poloniex trades, making the business visionary the biggest financial backer in the task.
Moreover, on December 13, the World Freedom Monetary decentralized independent association (DAO) will finish a decision on the organization of the venture in view of the Aave convention variant 3 on the Ethereum mainnet. At the hour of composing, 100 percent of votes were projected for the drive.
Accordingly, huge acquisition of ETH, Connection and AAVE might show the venture’s administration’s trust in the development of these resources. Prior, Trump’s triumph in the US official political decision caused a meeting in the crypto market, because of which Bitcoin refreshed its record above $104,000.
Furthermore, Trump is shaping a cryptographic money cordial organization, which will start work after his introduction on January 20. In such manner, dealers and business people are expecting the reception of a reasonable administrative system for the business, which will work with the inflow of interests into digital currencies.