On-chain data revealed that a cryptocurrency address associated with World Liberty, a project linked to the Trump family, spent $100,000 to purchase 541,242 SEI ($0.19) tokens via Cow Protocol. The tokens were then transferred back to the main address of the World Liberty Foundation (WLF).
The Trump family’s relationship with cryptocurrencies marks a significant shift from Donald Trump’s previous stance, which he called Bitcoin a “fraud” as recently as 2021.
But he embraced digital assets during his second presidential campaign, vowing to make the U.S. the “crypto capital of the planet” at a Bitcoin conference in Nashville in July 2024. Trump’s proposed policies include reducing regulatory restrictions and advocating government hoarding of Bitcoin and other cryptocurrencies.
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Following the Nashville conference, Trump and his sons founded World Liberty, a company that positions itself as a major name in the digital asset space.
Despite initially lackluster sales, World Liberty saw a significant increase in token sales following Trump’s presidential election victory. According to data from Dune Analytics, the company has now sold $300 million worth of proprietary tokens. However, investors currently face restrictions as they are unable to resell their tokens or claim any profits.
*This is not investment advice.
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