Trump-Backed World Liberty Financial’s Purchases Trigger Strong Rally In These DeFi Tokens
World Liberty Financial, a cryptocurrency project backed by President-elect Donald Trump, continued to add momentum to the coins it was purchasing.
What happened: ONDO, a tokenization-themed cryptocurrency, zoomed over 11% to record-breaking highs, becoming the fourth-biggest market gainer over the last 24 hours.
The coin’s trading volume surged over 73% to $483 million, suggesting significant buying pressure.
ONDO serves as the governance token of Ondo Finance, a decentralized finance platform built atop Ethereum (CRYPTO: ETH) that tokenizes real-world assets.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:00 p.m. EDT) |
| Ondo (CRYPTO: ONDO) | +11.81% | $2.08 |
| Ethena (CRYPTO: ENA) | +8.25% | $1.28 |
Another Ethereum-based coin, ENA, lifted to an eight-month high following an 8% increase in the last 24 hours.
ENA is the native token of Ethena, a protocol that offers a so-called synthetic dollar for DeFi uses.
See Also: Massive Crypto Exchange Witnesses Unusual $100 Million Bitcoin Activity
The upsurge …
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