4 months ago
A wallet identified arsenic belonging to World Liberty Financial, the decentralized concern (DeFi) level backed by President Donald Trump and his family, has deepened its concern successful Ondo Finance, the second-largest issuer of tokenized Treasuries.
The code scooped up astir 342,000 ONDO, the platform's governance token, for $470,000 USDC connected the CoW Protocol, according to data from Arkham Intelligence. It archetypal bought ONDO 2 months ago, worthy $245,000 astatine the time, earlier sending the tokens to Coinbase Prime earlier this week.
The transaction happened arsenic Ondo contiguous announced that it volition present its ain layer-1 blockchain designed for tokenized assets.
ONDO is trading astatine $1.298, down 3.7% successful the past 24 hours amid a wider marketplace downturn that has seen the CoinDesk 20 Index driblet 3.1%.
Along with ONDO, the Trump family-backed DeFi task has besides been accumulating TRX and wrapped Bitcoin (WBTC).
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