Revealing the Trump Family Project WLFI “Asset Package”: A New “Encryption Flag”?

Author: Wenser; Editor: Hao Fangzhou

Produced by Odaily Planet Daily

As Trump was successfully elected as Time Magazine's Person of the Year on the 12th of this month and appeared on the cover, the Trump effect in the cryptocurrency market continues. What has recently brought a new wave of attention to the various tokens on the market is the Trump family encryption project WLFI (World Liberty). After previously purchasing a series of mainstream currencies, infrastructure project tokens and RWA tokens, the project officially announced its cooperation with Ethena Labs at around 2 a.m. today. The two parties plan to integrate Ethena's revenue token sUSDe into the WLFI lending platform .

Odaily Planet Daily will sort out WLFI’s recent operations and transmission impacts in this article for readers’ reference.

WLFI has been making frequent moves recently: buying ENA, ONDO, etc.

At about 4 o'clock in the morning yesterday, according to Onchain Lens monitoring, the Trump family encryption project WLFI (World Liberty) once again spent 250,000 USDC to purchase 231,726 ENA, and its ENA holdings rose to 741,687, with a total cost of $750,000. In addition, it also exchanged 103 cbBTC worth $10.36 million into WBTC.

On December 16, WLFI spent 250,000 USDC to buy 134,216 ONDO.

On December 15, WLFI spent 500,013 USDC to buy 509,955 ENA, with an average price of $0.981.

On December 13, WLFI spent 1 million USDC to buy 37,052 LINK, and spent 151,985 USDC to buy 422 AAVE; within 48 hours, the project spent a total of 10 million USDC to buy 2,631 ETH; spent 1,246,722 USDC to buy 4,043 AAVE; spent 2 million USDC to buy 78,387 LINK.

On December 12, according to Arkham monitoring, the WLFI multi-signature address held 14,573 ETH (approximately US$57.03 million), 1.029 CBBTC (approximately US$10.38 million), 3.108 million USDT, 1.515 million USDC, 41,335 LINK (about 1.17 million US dollars), 3357 AAVE (approximately $1.16 million) and other cryptocurrencies. It is worth mentioning that the project had just converted a large number of stablecoins obtained from token sales into ETH that day. At that time, its ETH holdings were worth over US$50 million.

As previously shared by on-chain analyst Ai Ai, the non-stable currency assets purchased by WLFI include LINK / AAVE / ENA / ONDO, half of which belong to DeFi head applications and half of which belong to RWA assets. Interestingly, although COW is not in World Liberty’s Portfolio, since Cowswap has been used to purchase tokens on the chain in recent times, its currency price has also surged by nearly 93% in the past seven days. This driving effect is also reflected in On other tokens it bought:

On December 14, after buying LINK and AAVE, WLFI had a floating profit of US$299,000 in the former position and a floating profit of US$338,000 in the latter position.

On December 16, after the WLFI buying news spread, ONDO exceeded 2.1 USDT, reaching a record high, with a 24 H increase of 16.33%.

On December 16, boosted by news such as WLFI's purchase of various tokens, COW exceeded US$1, setting a record high; the price of ENA once rose to US$1.33, which was only less than US$0.2 from the previous historical high.

If the price of BTC was previously affected by the "Trump effect" and broke through the US$100,000 mark from US$70,000, then there is no doubt that WLFI's holding tokens were also affected by this effect.

After all, in the eyes of cryptocurrency traders in the United States and even around the world, WLFI is “Trump’s flagship project.”

WLFI current position statistics: AAVE, COW

From the end of November to December 19, after completing the token sales target of US$30 million, the previous token purchase operations of the WLFI project include - - USD 30 million USDC purchased 8,105 ETH;

- USD 10 million USDC purchased 103 cbBTC (converted into WBTC);

- USD 2 million USDC purchased 78,387 LINK;

- USD 1.91 million USDC purchased 6, 137 AAVE;

- USD 750,000 USDC purchased 741,687 ENA;

- USD 250,000 USDC purchased 134,216 ONDO.

According to information from the on-chain data website Arkham, the current position status of the WLFI project is as follows:

• 14,800 ETH, worth $54.89 million;
• 103 WBTC, worth $10.45 million;
• 6,137 AAVE, worth $2.12 million;
• 78,300 LINK, worth $1.95 million;
• 741,000 ENA, worth $860,000;
• 134,000 ONDO, worth US$256,000.
• Stablecoin (USDT+USDC) holdings are approximately US$10 million.
• Currently, the total value of the multi-signature address assets is approximately US$80.56 million.

 WLFI token position information (as of 17:00 on December 19)

WLFI’s difficult growth path: from the target of 300 million to barely

raising 30 million

Looking back at the growth path of the WLFI project, it can hardly be called smooth sailing.

At the end of August, Trump's second son and current executive vice president of the Trump Organization, Eric Trump, announced the official launch of the encryption project WLFI (@WorldLibertyFi), dedicated to creating a new era of finance. It is worth mentioning that after Trump won the presidential election in early November, people familiar with the matter revealed that this project was prepared and established due to insufficient funds during Trump’s presidential campaign.

After inviting well-known people including Paxos CEO, Tomo Wallet founder, Mixie Studios & Mixie Media CEO, Glue Lianchuang, etc., and experiencing a series of market doubts and torture, on October 15th, the WLFI project The token pre-sale has finally started as scheduled.

Although it achieved the impressive result of "raising US$5 million within one hour of pre-sale", the market feedback was not ideal due to issues such as KYC certification, website downtime, and previous project token distribution ratios. According to media reports, the roadmap shows that WLFI’s initial sale will seek to raise $300 million and sell 20% of the token supply at an FDV of $1.5 billion.

As of October 17, according to Lookonchain monitoring, WLFI sold 833.73 million tokens, with sales exceeding US$12.5 million; more than 10,000 users participated in the token sale, of which address 0x2d24 spent 351.3 ETH (US$903,000) to purchase bought 60.43 million WLFI, becoming the largest buyer.

Subsequently, according to a 13-page "World Liberty Gold Paper" document for the project, the Trump family will receive 75% of the project's net proceeds without assuming any liability.

As soon as the news came out, there was an uproar.

Yat Siu, co-founder and executive chairman of Animoca Brands, Jehan Chu, co-founder and managing partner of Kenetic Capital, and Kain Warwick, founder of Synthetix, raised questions, comments and even suggestions from their own perspectives.

In early November, WLFI cut its financing target by 90% and planned to sell only $30 million worth of WLFI tokens instead of the $300 million originally planned).

On November 20, WLFI sold approximately 1.35 billion tokens, with sales reaching $20,283,014, accounting for approximately 68% of its reduced financing target.

Just when many people thought that the project had reached a dead end and that even the goal of raising US$30 million would be difficult to achieve, one person took action.

On November 26, Justin Sun announced an investment of US$30 million in the Trump family encryption project WLFI, becoming its largest investor. He also said that the United States is becoming the center of blockchain, all thanks to Trump’s support for Bitcoin. Subsequently, he also joined WLFI as a consultant.

The author personally guesses that this is also the reason why WLFI recently exchanged cbBTC for WBTC.

As for the purchase of AAVE and LINK tokens, it is also related to previous cooperation——

On November 14, WLFI officially announced that it will use the Chainlink standard for on-chain data and cross-chain connections as a secure way to bring DeFi to the next stage of mass adoption.

On December 13, the first community proposal initiated by the WLFI community to "deploy an Aave v3 instance for the WLFI protocol" was finally passed. It is understood that the instance will be managed through an external risk manager and will be built on existing Aave v3 infrastructure, eventually launching on the Ethereum mainnet.

In this regard, WLFI has transformed and not only successfully "remained on the poker table", but is now expected to become the "U.S. encryption weather vane" in the future.

Conclusion: WLFI will continue to be active in the US encryption market

and become the “encryption flag”

According to a previous analysis, WLFI’s previous behavior of exchanging stablecoins for ETH indicates that the project is seeking to participate in a deeper crypto economy. This may also indicate that the team believes that ETH is a better reserve asset than the US dollar. It is reported that the first person to notice this transaction operation was Eric Conner, a well-known Ethereum investor and consultant.

As mentioned above, 75% of the net proceeds from the pre-sale of the WLFI project will be obtained by the Trump family without any liability. The document also emphasizes that Trump and his family members are not directors, employees, managers or operators of WLFI or its affiliates, and states that the project and tokens are "not related to any political activity." The remaining 25% of the net agreement revenue will belong to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to distribute half of its earnings to WC Digital Fi, an affiliate of Trump confidant and political donor Steve Witkoff and some of his family members.

From this point of view, WLFI may become the subsequent "encryption flag" of the Trump faction. On the one hand, it will use transaction operations to conduct in-depth cooperation with more encryption projects to promote the development of the US encryption economy; on the other hand, the project will also Provide certain financial support to Trump and his faction to facilitate many personal and political actions during his future administration.

Around WLFI, a group of "core teams" may be born to promote the development of the US encryption economy. The project is expected to become Trump's "Encryption Whampoa Military Academy".