Donald Trump’s World Liberty Financial Boosts TRX Holdings, Triggering 5.7% Surge in Price

Donald Trump’s decentralized finance (DeFi) project, World Liberty Financial, is making headlines as it embarks on an aggressive crypto acquisition spree. After a significant Ethereum buy earlier this week, the project has turned its focus to Tron (TRX), spending a substantial $2.65 million USDT stablecoin to increase its TRX holdings. This move has contributed to a 5.76% surge in TRX’s price, sparking fresh buying interest in the altcoin.

World Liberty Financial’s TRX Acquisition Strategy

Source: Arkham Intelligence

World Liberty Financial has spent 2.65M USDT to acquire 10.81 million TRX, according to data from Arkham Intelligence. This acquisition brings its total TRX holdings to 30.11 million, valued at $7.38 million. This recent purchase follows the project’s large Ethereum buy earlier this week, where it swapped 5,252 ETH (worth $17.43 million) for stETH and staked it with Lido Finance. Over the last three days, the DeFi project has invested $168.4 million in six tokens, including Ethereum, Bitcoin (WBTC), and AAVE, alongside Tron.

Justin Sun’s Role in the Expansion

Tron founder Justin Sun has been vocal about World Liberty Financial’s developments, celebrating the increase in TRX holdings. Sun highlighted that Tron has now become the third-largest asset held by the project, with a total of $7.3 million in TRX. Sun, a key early investor in World Liberty Financial, also made promises of continued investments in the DeFi space, increasing his stake in the project to $75 million earlier this week.

TRX Price Outlook: A Potential Bullish Surge

As of now, TRX is trading at $0.251, up 5.7%. The recent surge has fueled speculation that the altcoin may rally further. According to crypto analysts, there are signs of bullish sentiment in the market, with an emerging falling wedge pattern and potential upside breakout. Fibonacci retracement levels suggest a possible move toward $0.30 and $0.33 in the short term, with analysts predicting a potential 100% rally, possibly reaching $0.50 by the end of Q1 2025.

Source: TradingView



World Liberty Financial’s increasing involvement in the crypto market, coupled with Justin Sun’s strategic investments, could signal more bullish momentum for TRX in the coming months.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Also Read: TRON’s Crackdown on Illicit Activities Spurs TRX Growth and Investor Confidence

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