World Liberty Financial’s Recent Activities in DeFi

World Liberty Financial, the DeFi project supported by U.S. President Donald Trump, has spent millions in USDC stablecoin to purchase MOVE and wrapped BTC, as per Nansen data.

In a series of transactions on Thursday, World Liberty invested approximately $1.4 million in USDC stablecoin to acquire 2.52 million MOVE tokens. Additionally, World Liberty traded $5 million in USDC for 52 wrapped BTC.

MOVE is the native utility token of Movement Labs. Reports indicate that the company is in discussions with the Elon Musk-led Department of Government Efficiency. Movement Labs Founder Rushi Manche previously mentioned that the company and DOGE were not closely connected.

The Movement founder shared a social media post from Onchain Lens regarding World Liberty’s latest purchase, stating simply, “More.”

Alongside these purchases, the Trump-backed DeFi project staked 2,221 ETH (valued at $5.9 million) with Lido Finance and deposited $5 million USDC into Aave’s lending protocol on Thursday.

Earlier this week, World Liberty acquired 830,469 MOVE tokens and 1,917 ETH by utilizing its USDC holdings, according to SpotOn Chain.

Since November 30 last year, World Liberty has purchased over $315 million worth of cryptocurrencies, including 63,030 ETH at an average price of $3,331 and 699 wrapped BTC at an average of $105,197, according to Lookonchain. Significant purchases also included millions worth of TRX, LINK, AAVE, and ENA.

Furthermore, the project recently announced the formation of a strategic token reserve named Macro Strategy, aimed at diversifying its funds, mitigating risks, and serving as a “robust financial backbone.”

World Liberty expressed intent to strengthen partnerships with traditional financial institutions to contribute tokenized assets to this reserve. The announcement stated, “This initiative is more than just a strategic move; it is a testament to our unwavering dedication to innovation, collaboration, and the empowerment of our community.”

The yet-to-be-active World Liberty project has sold more than 96% of its WLFI token supply, with around 926.9 million tokens remaining, as per its official website. WLFI tokens are expected to provide holders with voting rights on project governance proposals and are non-transferable, unlike many other cryptocurrencies.