Trump-Linked WLFI Moves $52M to Aave, Borrows USDT

On June 10, blockchain data from Onchain Lens revealed that WLFI supplied over $52 million in crypto collateral to Aave. The assets included 7,900 ETH (valued at $21 million), 162.69 WBTC ($17.91 million), and 5,010 stETH ($13.31 million).

Aave Loan Secured, Funds Shifted

Shortly after securing the deposit, WLFI borrowed $7.5 million in USDT from the Aave V3 platform. Within hours, the funds were sent to a BitGo-controlled wallet, a move that suggests plans for stablecoin withdrawal or off-chain conversion.

The recipient wallet address, 0x5be9a…d957dbb, received the full loaned amount, according to on-chain data tracked by Nansen.

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DeFi Activity Highlights Political Link

The move has caught attention not only for its size but also for WLFI’s political connections. As a firm linked to President Trump’s crypto strategy, WLFI continues to draw scrutiny from both traditional finance and digital asset sectors.

While WLFI hasn’t publicly stated the purpose of this loan, the transaction shows the growing trend of politically-connected entities interacting with decentralized lending platforms.

As of now, the borrowed funds remain under WLFI’s control via BitGo, pending further blockchain activity.

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