World Liberty Financial, the cryptocurrency project backed by Donald Trump, purchased over $10 million worth of ETH and other Ethereum tokens. The purchase was carried out by World Liberty Multisig wallet on December 12.
Onchain data shared by Lookonchain shows that the multisig spent a total of 12 million USDC stablecoin to buy 2,631 ETH, 41,335 LINK and 3,357 AAVE.
Donald Trump and his family are contentiously boosting the project. It was launched in September as a money market that would allow users to borrow, lend, and earn interest on cryptocurrencies.
With this purchase, the project’s total ETH holdings shot up to around 14,571 – worth over $56 million at the current market price. The World Liberty Financial team did not immediately give their clarification on these purchases.
Read: Trader Turns $2,500 Into $200,000 with High-Stakes XRP Futures Bet
