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, 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.

By Michelle Conlin and Tom Wilson NEW YORK/LONDON (Reuters) -On Sunday, just before Donald Trump's inauguration, crypto investor Mike Dudas bought more than $145,000 worth of tokens from World Liberty Financial,

Unlike typical crypto investments, the World Liberty Financial tokens give their holders a vote on decisions about product features and marketing. Crypto tokens such as bitcoin and ether can be used for payments or developing applications.

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

World Liberty, backed by Trump, acquired $70M in ETH, LINK, AAVE and TRON, significantly boosting its portfolio to $325M.

The DeFi protocol linked to Donald Trump added Wrapped Bitcoin and other assets to its balance sheet in an Inauguration Day buying spree.

Justin Sun, founder of TRON (TRX), noted World Liberty Financial (WLFI) was turning into a TRX whale. The asset is now the third-biggest holding in the portfolio of the Trump family DeFi project. World Liberty Financial (WLFI),