On-chain data revealed that the Trump family-related cryptocurrency address, a project related to the world’s freedom, spent $100,000 to purchase 541,242 SEI tokens via the cow protocol. The token was then returned to the main address of the World Freedom Foundation (WLF).
The Trump family’s relationship with cryptocurrency shows a major shift from Donald Trump’s previous stance.
However, he embraced digital assets during his second presidential election and vowed to make the US “global crypto capital” at the Bitcoin Conference held in Nashville in July 2024. Trump’s proposed policies include advocating for reducing regulatory restrictions and government storage of Bitcoin and other cryptocurrencies.
Following the Nashville Conference, Trump and his sons founded World Liberty, a company that holds positions as a major name in the digital assets sector.
Despite initially inadequate sales, World Liberty saw a significant increase in token sales following Trump’s presidential victory. According to data from Dune Analytics, the company is currently selling its own tokens worth $300 million. However, investors are currently facing restrictions as they are unable to resell the token or claim profits.
*This is not investment advice.
