According to Onchain data, World Liberty Financial, the cryptocurrency project behind Donald Trump and his family, has begun purchasing AVAX.
The data suggests that the project has purchased $500,000 worth of AVAX to date. Meanwhile, authorities have bridged around $2 million worth of USDC stablecoins to the Avalanche network, meaning more purchases could be on the way. These USDC tokens were held in World Liberty Financial’s multisig wallets on the Ethereum network.
Following this development, there was a significant increase in the AVAX price:
The project in question recently completed its WLFI token sale and raised a total of $550 million in funds.
*This is not investment advice.
