Trump-Linked WLFI Project Buys 200 Million Tokens
A multi-signature wallet tied to Trump’s World Liberty Financial (WLFI) recently bought 200 million WLFI tokens. The wallet withdrew $10 million in USDC from Binance on February 18, as reported by On-Chain Lens.
WLFI is a controversial crypto project with close ties to the Trump family. BitMart Research reveals that WLFI has raised $455 million through token sales. The first sale of 21.3 billion WLFI tokens at $0.015 each raised $319 million. Another $136 million came from a second round at $0.05 per token.
Despite claiming to be a DeFi lending platform, WLFI hasn’t launched any DeFi services. Its tokens lack a clear utility. The project focuses on building its $327 million in on-chain and centralized exchange assets.
WLFI’s connection to the Trump family has raised eyebrows. The Trump family controls 75% of token sales revenue. Market observers see WLFI as part of a larger plan to profit from Trump’s political influence.
Justin Sun, TRON’s founder, is WLFI’s largest institutional investor, contributing $75 million. WLFI has allocated $63.41 million to Sun-related assets like TRX and Wrapped bitcoin.
WLFI had $47.49 million in stablecoins before the purchase and has moved $307.4 million to Coinbase Prime. The project aims to grow its core asset holdings, particularly bitcoin and Ethereum.
