Trump-Backed WLFI Buys 3.64 Million EOS Tokens at $0.824, Expanding $347 Million Portfolio

World Liberty Financial, a firm backed by former President Donald Trump, has purchased 3.64 million EOS tokens for approximately 3 million USDT at an average price of $0.824 per token.

World Liberty Financial (WLFI), a firm backed by former President Donald Trump, has purchased 3.64 million EOS tokens for approximately 3 million USDT at an average price of $0.824 per token, according to a report by DeFi Pulse.

This marks another investment by the Trump-supported decentralized finance (DeFi) project, which has been actively expanding its portfolio with a focus on prominent tokens.

To date, WLFI has invested a total of around $347 million in various tokens, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and smaller tokens like Band Protocol (BAND) and Keep3r Network (KPR).

The purchase was made after a two-month period since the last token acquisition by the group. In December 2023, WLFI invested in a batch of tokens, including Aave (AAVE), Compound (COMP), and Optimism (OP).

Earlier this year, Trump announced his support for WLFI, a project that aims to provide financial inclusion and opportunity for all Americans. The firm's investments in DeFi protocols align with Trump's vision for a more equitable and prosperous economy.

"I am proud to support the World Liberty Financial project," Trump said in a statement. "This project is about giving all Americans a chance to succeed and build a brighter future."

WLFI's investments in prominent tokens and DeFi protocols could be seen as an effort to diversify its portfolio and capitalize on the potential of the cryptocurrency market. The firm's involvement in the DeFi ecosystem could also help to expand the reach and impact of Trump's economic policies.

"We are excited to be investing in such promising projects and technologies," said an official from WLFI. "We believe that these investments will generate strong returns for our members and help us to achieve our mission of providing financial opportunity for all."

As WLFI continues to expand its portfolio and invest in new projects, the firm's role in the DeFi ecosystem is expected to grow further. This could have implications for the broader cryptocurrency market and the integration of DeFi into the mainstream financial system.