Catenaa, Friday, December 20, 2024 – Donald Trump family-backed DeFi project World Liberty spent $250,000 in USDC to acquire 134,216 ONDO tokens, according to Arkham Intelligence data.
The purchase, made via Cow Protocol during early Asia trading hours Monday, averaged $1.83 per token and contributed to a brief price surge for ONDO.
Ondo Finance specializes in real-world asset tokenization, offering products like tokenized short-term treasury fund OUSG and interest-bearing stablecoin USDY to improve market liquidity.
Arkham data revealed that World Liberty’s portfolio has expanded to include LINK, AAVE, ENA, and ONDO, signaling a broader investment strategy. Since Nov. 30, the project has spent $44.74 million USDC acquiring six different tokens, including $10 million for 2,631 ETH at an average price of $3,801.
World Liberty’s investment has had notable effects on market performance. Chainlink (LINK) recently reached a three-year high of $29.45 following the project’s purchase. The DeFi protocol also leverages Chainlink for cross-chain connectivity and data accuracy and has proposed launching an Aave v3 protocol on Ethereum.
Following the ONDO purchase, the token’s price surged by more than 14% in 24 hours, trading at $2.09. Over the past week, ONDO gained 28.5%, driven by strong interest in real-world asset tokenization.
World Liberty Financial now holds over $50 million in ETH and approximately $74 million in cryptocurrencies, including wrapped Bitcoin (wBTC), USDC, and USDT, further solidifying its influence in the digital asset sector.
