An intriguing occurrence unfolded in the cryptocurrency sphere on Feb. 18, when a fresh multi-signature wallet linked to Trump’s World Liberty Financial procured a whopping 200 million WLFI tokens. The transaction was made possible by a withdrawal of $10 million USDC from Binance, as was reported by on-chain analytics platform, On-Chain Lens. This purchase adds to the ongoing activity surrounding WLFI, a controversial crypto project whose strong political ties to the Trump family have kept it in the spotlight.
WLFI, despite identifying as a DeFi lending platform, is yet to roll out any DeFi services, bringing into question the utility of its tokens. The project’s focus appears to be on amassing its existing on-chain and centralized exchange assets, currently valued at $327 million. The token allocation by WLFI, as detailed by BitMart Research, has made waves for its strong ties to the Trump family, with the family controlling 75% of the token sales revenue.
The WLFI project has been successful in raising a substantial $455 million through token sales as of February 9, 2025. The first public sale of 21.3 billion WLFI tokens raised $319 million, priced at $0.015 per token. A subsequent round of sales brought in an additional $136 million, with tokens priced higher at $0.05 each.
The project’s asset selection has not been without scrutiny, primarily due to WLFI’s association with the Trump family. Market observers view the token and other Trump-affiliated tokens as part of a broader strategy to capitalize on Trump’s political leverage.
A noteworthy ally of the project is Justin Sun, the founder of TRON (TRX). Sun, who has developed strong ties with the project, is now the largest institutional investor in WLFI, with a $75 million contribution. The project has earmarked $63.41 million for Sun-related assets, including TRX and Wrapped Bitcoin (WBTC).
WLFI, as per the report, had $47.49 million in stablecoins before this recent purchase and has transferred $307.4 million into Coinbase Prime for safekeeping. The project’s investment strategy, aimed at expanding its exposure to Real-World Assets and DeFi protocols, suggests a clear focus on enhancing its core asset holdings, especially Bitcoin (BTC) and Ethereum (ETH).
The WLFI saga highlights the evolving landscape of cryptocurrency, where political ties and strategic alliances can wield significant influence. As the project continues to make moves, the market will watch with interest to see how these strategies impact its growth and the wider cryptocurrency ecosystem.
