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Reading: Trump-backed WLFI buys 342,000 ONDO crypto tokens – Why?
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CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > Trump-backed WLFI buys 342,000 ONDO crypto tokens – Why?
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Trump-backed WLFI buys 342,000 ONDO crypto tokens – Why?

CoinRSS
Last updated: February 8, 2025 12:40 am
CoinRSS Published February 8, 2025
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Contents
World Liberty Financial expands crypto portfolio Ondo Finance launches Ondo ChainONDO: Key levels to watch
  • World Liberty Financial invests in ONDO crypto tokens, signaling a growing interest in tokenized assets
  • Ondo Finance announces the launch of Ondo Chain to revolutionize tokenized securities for institutions

Trump-backed World Liberty Financial (WLFI) has made a substantial move, snapping up 342,000 Ondo [ONDO] tokens.

This investment comes just as Ondo Finance, a key player in the tokenized assets space, unveiled its plans to launch its blockchain.

The timing of the transaction, coinciding with this major development, has raised eyebrows and sparked discussions about potential institutional interest in Ondo’s future growth and the broader implications for the tokenized assets sector.

World Liberty Financial expands crypto portfolio 

WLFI, backed by Donald Trump and his family, recently swapped $470,000 in USDC for 342,000 ONDO tokens via CoW Protocol. This follows a purchase of $245,000 worth of ONDO tokens two months ago, showing growing interest in the asset.

The tokens were later transferred to Coinbase Prime, indicating WLFI may be positioning itself for secure holding and potential trading.

Along with ONDO, WLFI has also been acquiring Tron [TRX], Wrapped Bitcoin [WBTC], and Ethereum [ETH], further expanding its presence in the blockchain-based financial market.

Ondo Finance launches Ondo Chain

This investment in ONDO comes as Ondo Finance took a major step by announcing the launch of Ondo Chain on the 6th of February. This new blockchain solution is designed to enable institutions to seamlessly integrate tokenized assets into the DeFi space.

Ondo Chain will support Ondo Global Markets, offering on-chain access to traditional assets like US stocks, bonds, and ETFs.

About the launch, Nathan Allman, CEO of Ondo Finance, said:

Financial markets are overdue for an upgrade…We’re creating an ecosystem that bridges the best of traditional finance with blockchain technology.

The blockchain aims to solve key challenges in tokenized securities, like high transaction fees, liquidity fragmentation, and regulatory compliance.

By combining features of both public and permissioned blockchains, Ondo Chain offers the accessibility of public blockchains while ensuring regulatory adherence through permissioned validators. 

Consequently, major financial institutions, including Franklin Templeton and Wellington Management, are already collaborating with Ondo to shape the platform’s development.


Read Ondo Finance’s [ONDO] Price Prediction 2025–2026


ONDO: Key levels to watch

The ONDO/USDT daily chart reflects a consolidation phase after a notable rally in December 2024.

The RSI hovered near the neutral 50 level, indicating indecision among traders. OBV suggested steady accumulation, hinting at underlying bullish sentiment.

Source: TradingView

Key resistance lies at $1.50, a psychological and structural barrier. A decisive close above this level could pave the way for a retest of the December peak around $1.70.

The price bounced off the $1.20 support level, aligning with the recent price bounces and the lower consolidation range.

A breach of this level may signal further downside toward $1.00.

Previous: Ripple: Can 520M XRP whale action help it break THIS resistance?
Next: Cardano: Can ADA break THIS zone and rally to $1.50?

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