World Liberty Financial, the crypto project backed by the Trump family, has acquired 134,216 ONDO tokens worth $250,000 through Cow Protocol on December 16, 2024. The purchase was executed at an average price of $1.83 per token.
This acquisition is part of World Liberty's December buying spree totaling $44.75 million across multiple cryptocurrencies. The project's recent purchases include $30 million in Ether (ETH), $10 million in Coinbase Wrapped Bitcoin (cbBTC), $2 million each in Chainlink and Aave, and $500,000 in Ethena (ENA).
Ondo Finance, the platform behind the ONDO token, specializes in real-world asset tokenization. Their products include OUSG, a tokenized short-term Treasury bond fund, and USDY, an interest-bearing stablecoin.
Following World Liberty's investment, the ONDO token price increased by 14% in 24 hours, reaching $2.09. The token's market capitalization stands at $2.88 billion, ranking 53rd on CoinMarketCap.
World Liberty Financial's recent market activities have created ripples across the crypto space. The project received a boost when Justin Sun, founder of the Tron blockchain, invested $30 million in World Liberty Financial (WLFI) tokens and joined as an advisor.
The project also made waves in the DeFi sector when AaveDAO approved their proposal to launch a customized version of the Aave protocol for lending and borrowing digital assets.
According to Nansen researcher Nicolai Søndergaard, World Liberty's investment strategy may aim to build credibility in the cryptocurrency market by acquiring established digital assets.
The impact of World Liberty's investments has extended beyond individual token purchases, with Cow Protocol's tokens experiencing a nearly 50% price increase following the Trump family's transactions.