In a surprising development, World Liberty Financial (WLFI), a cryptocurrency initiative led by President Donald Trump, has accumulated more than $388 million in digital assets. What Happened: Blockchain analytics platform Arkham disclosed that WLFI augmented its cryptocurrency portfolio by procuring a significant amount of Ethereum (CRYPTO: ETH) and Tron (CRYPTO: TRX).

President Trump's crypto project World Liberty Financial (WLFI) has now acquired over $388 million worth of digital assets, according to on-chain data.

World Liberty Financial is "directly connected to our new crypto president Donald Trump," said Sigil Fund, a Gibraltar-based fund whose chief investment officer is one of the investors. The CIO, who goes only by the pseudonym "Fiskantes," spent 40 ether tokens, worth around $130,000 on Wednesday on $WLFI tokens, it said via email.

World Liberty Financial, the decentralized finance (DeFi) project linked to President Donald Trump, plans to buy more of Tron's TRX token just days after a $2.6 million purchase, according to a person familiar with its plans.

World Liberty Financial (WLF) bought 10.61M TRX for $2.65M USDT today amid a cryptocurrency market correction. Trump-linked WLF also purchased another 3,079 ETH for $10M USDC in the past six hours.

World Liberty Financial Financial (WLFI), the crypto project backed by the family of U.S. President Donald Trump, has made another purchase of Tron's TRX for its treasury on-chain data shows.

World Liberty Financial, linked to Donald Trump, purchased 4 ENS domains before his inauguration, including trumpcoin.eth and erictrump.eth.