Trump’s DeFi Adventure: $470K ONDO Tokens and a Blockchain Surprise!

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What to know:

  • In a twist that would make a cat on a hot tin roof look calm, an address, purportedly belonging to World Liberty Financial, has traded a whopping $470,000 USDC for around 342,000 ONDO tokens. That’s a whole heap of tokens, folks!
  • And wouldn’t you know it, this financial frolic took place on the very day Ondo decided to roll out its own blockchain for tokenized assets. Coincidence? I think not! 🎩

Now, let me spin you a yarn about a wallet that’s been linked to World Liberty Financial, a DeFi platform that’s got the good ol’ Donald Trump and his kin backing it. This wallet has taken a deep dive into the waters of Ondo Finance, which, if you didn’t know, is the second-largest issuer of tokenized Treasuries. Sounds fancy, doesn’t it? 🤑

According to the fine folks at Arkham Intelligence, this address has just snagged itself about 342,000 ONDO tokens for a cool $470,000 USDC on the CoW Protocol. Just two months prior, they dipped their toes in the ONDO pool with a modest $245,000 investment. And wouldn’t you know it, they sent those tokens off to Coinbase Prime just this week. Talk about a whirlwind romance! 💔

Now, as if that wasn’t enough excitement for one day, Ondo has announced it’s launching its very own layer-1 blockchain, specifically designed for tokenized assets. I reckon that’s like building a new barn after the cows have already wandered off! 🐄

As for ONDO, it’s trading at $1.298, which is a tad down—3.7% in the last 24 hours, mind you—thanks to a market downturn that’s got the CoinDesk 20 Index dropping like a rock in a pond, down 3.1%. Talk about a rough day at the office!

But wait, there’s more! Alongside ONDO, this Trump family-backed DeFi project has been busy accumulating TRX and wrapped Bitcoin (WBTC). It’s like they’re trying to collect all the shiny tokens in the digital playground! 🎠

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2025-02-06 20:31