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DeFi Project Converts Bitcoin into Ethereum Amid Market Activity
Source: CryptoNewsNet Original Title: Donald Trump-Linked Project Converts Bitcoins into This Altcoin! Original Link: https://cryptonews.net/news/defi/32237857/ World Liberty Financial (WLFI), a DeFi project, has recently experienced a revival. While this rise is believed to be linked to recent geopolitical developments, WLFI recorded an impressive jump of over 20%.
As bullish expectations for WLFI increase, the World Liberty Financial team exchanged $1.3 million worth of WBTC for Ethereum (ETH).
According to the on-chain data platform Lookonchain, an address believed to belong to World Liberty Financial withdrew 162.69 WBTC, worth $15 million, from Aave.
Of this amount, 13.56 WBTC (worth $1.25 million) was exchanged for ETH.
WLFI is still trading at $0.17 at the time of writing.