The Trump-affiliated decentralized finance (DeFi) project World Liberty Financial (WLFI) has been on an Ethereum-buying spree.
On-chain analyst Ai tells their 102,900 followers on the social media platform X that three WLFI addresses accumulated 10,013.54 Ethereum (ETH) in just six days.
The trove was accumulated for approximately $35.98 million, with an average purchase price of $3,593 per ETH, according to the analyst.
President Donald Trump’s recent financial disclosure with the U.S. Office of Government Ethics indicated he pocketed more than $57.3 million worth of income from World Liberty.
Recently, however, a corporate entity linked to Trump and his family quietly slashed its equity stake in the DeFi platform. The Trump-affiliated company DT Marks DEFI LLC previously owned a 60% stake in World Liberty.
Fine print on the platform’s website now indicates DT Marks owns approximately 40% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial.
World Liberty notes that WLF Holdco holds all the rights to net protocol revenues from the DeFi platform, except for net proceeds from the sale of WLFI tokens. The platform also notes that neither Trump nor any of his family members “is an officer, director, or employee of WLF Holdco LLC or World Liberty Financial.”
World Liberty launched the stablecoin USD1, which is designed to keep a 1:1 peg to the US dollar, in March.
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