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- World Liberty Financial has injected fresh funds into Tron of $7.38 million.
- The attention on Tron might help push its price to $0.5, as analysts forecast.
World Liberty Financial (WLFI), the DeFi project endorsed by Donald Trump, recently commenced investment in Tron (TRX) tokens. Data from Arkham Intelligence reveals the DeFi project currently possesses Tron holdings worth $7.38 million.
WLFI Expands Crypto Holdings with New Tron Purchase
World Liberty Financial has expanded its crypto holdings with fresh Tron purchases. Specifically, the DeFi project bought 30.107 million TRX tokens valued at $7.38 million.
Taking to the X platform, Tron Founder Justin Sun expressed excitement for the recent purchase. He highlighted that TRON has now become the 3rd largest asset held by World Liberty Financial. Also, Sun promised investments worth over $200 billion to the United States while commenting on Eric Trump’s post.
In my opinion, there has never been a better time to invest in the United States. Bet on our markets, on energy, on technology and on crypto – bet on the greatest nation on earth – a nation that has been freed from its constraints and shackles and now has limitless potential! No…
— Eric Trump (@EricTrump) January 21, 2025
It is important to note that Sun is an early investor in World Liberty Financial. He recently increased his investment in the DeFi project by acquiring a $45 million WLFI token. This purchase brings Tron DAO’s total investment in WLFI to $75 million.
The recent TRX purchase signals WLFI’s affinity for cryptocurrencies, following massive Ethereum (ETH) purchases conducted earlier this week. As highlighted in our previous article, WLFI spent about $48 million USDC to buy 14,403 ETH. World Liberty Financial transferred $61.4 million worth of Ethereum coins in an earlier transaction. WLFI argued that these movements were normal business operations, not token sales, as rumored.
WLFI has invested $168.4 million in six tokens in the last three days. These investments include $47 million in WBTC, $99.95 million in ETH, and $7.35 million in TRX. Additionally, the fund purchased $4.7 million each on AAVE, ENA, and LINK.
Notably, on-chain data shows that WLFI swapped 5,252 ETH, valued at $17.43 million, for stETH before staking it with Lido Finance. Surprisingly, data from Spot On Chain revealed World Liberty Financial expanded all existing positions except ONDO.
Can TRX Rally to 100%
As of press time, the Tron price is trading 4.67% up in the last 24 hours at $0.2515. However, the daily trading volume decreased by 47% to $969 million, suggesting a somewhat reduced investor interest.
Nonetheless, the Tron futures open interest is up 14% to $258, according to data from Coinglass. This surge hints at bullish sentiment among traders.
TRX has traded within a broad descending channel in the past few weeks, following a sharp rally to $0.45 in December. This price activity resulted in many swing highs and lows, implying a war between buyers and sellers.
However, technical indicators hint at a potential bullish divergence. For instance, a falling wedge pattern has emerged on the Relative Strength Index (RSI), indicating a possible upside breakout.
Furthermore, Fibonacci retracement levels indicate a probable advance to $0.30 at the 0.50 RSI level and $0.33 at the 0.382 RSI level. Crypto expert AMCrypto has predicted that the TRX price might hit $0.50 by the end of the first quarter of 2025.
