The crypto world is excited about the fast-approaching Trump Inauguration Day. Leading crypto firms pumped into the Trump Inaugural Fund and poured in more than $10 million. Ripple, Coinbase, and Kraken made seven-digit donations.
According to Coindesk, the president-elect’s family project World Liberty Financial (WLFI) will acquire Justin Sun’s Tron tokens for its treasury.
Why does it matter? The project is Trump-controlled. And the Arkham Intelligence dashboard says that World Liberty Financial holds $27 million worth of crypto coins.
WLFI Crypto Journey
The WLFI was launched in September 2024. Its initial purchases were prominent and included AAVE, ETH, and LINK. Later, it also added ONDO and ENA.
Why TRX?
After the above-said acquisitions, WLFI is reported to have suffered a severe loss of $4.8 million. In November 2024, these tokens displayed significant price changes: AAVE (-18%), LINK (-26%), LINK (-33%), and ONDO (-44%). Incurring losses, WLFI is now turning towards Tron (TRX). Justin Sun, the Tron founder has already acquired $30 million WLFI tokens.
The recent WLFI Suspicious Transactions
WLFI has been making secret transfers exchanging USDC for WBTC. According to the WLFI official website, the current presale price of WLFI is $0.015. It has sold $6.04 billion worth tokens (as of January 18, 2025).
What is World Liberty Financial?
The WLFI is a decentralized finance project supported by Trump and his sons. It is currently evaluating proposals from multiple entities for their integration into WLFI. It includes proposals from Ethena Labs as well.
The acquisition news surged TRX prices to a 7-day high of $0.259. The current market cap of Tron is $21 million, and its RSI stands at 42.86.
Tron sponsored the Crypto Ball
On January 17, 2025, the big names in Crypto, including Michael Saylor and Brian Armstrong, organized a Crypto Ball. Aimed at welcoming the incoming President-elect, Donald Trump, the event marked an upswing for the crypto industry.
The Digital Sovereignty Alliance is an NGO of Tron. It recently announced in its X post that the organization is proud to sponsor the Inaugural Crypto Ball.
Check out other projects too which can boom after Inauguration day
Way Forward
The exact quantity of TRX tokens obtained remains unknown. Additionally, controversies surround Justin Sun’s $30 million investment in WLFI. SEC filed a case against the billionaire, alleging that he misled the market regarding his support for the project associated with the President-elect. Trump and Sun have been silent about these allegations. Either way, the market is set to capitalize on the circumstances and will experience growth in the forthcoming days.