Donald Trump’s World Liberty Financial Buys WLFI and SEI Tokens
World Liberty Monetary withdrew $10 million USDC from Coinbase to purchase 200 million WLFI tokens and spent one other $125,000 USDC to buy 547,990 SEI at a median value of $0.228.
The transaction which happened on Feb. 20 was reported by on-chain analytics platform Onchain Lens. This buy comes on the heels of WLF’s Macro Technique introduced on Feb. 12.
The Macro Technique is a strategic token reserve aiming to strengthen WLF’s place in decentralized finance. WLF mentioned the reserve will promote stability within the bigger crypto ecosystem and help in supporting in style cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Regardless of claims that WLF may drive adoption and mainstream integration of digital belongings, critics view it as a self-serving enterprise led by Donald Trump and his allies.
Trump and his allies personal 60% of WLF, granting them rights to 75% of its revenues and 22.5 billion WLFI Tokens. The Trump household additionally owns a majority share in Trump Media & Expertise Group, which lately shifted focus to monetary providers linked to cryptocurrency, along with WLF.
Notably, Justin Solar, the contentious Tron blockchain founder, has had a significant affect on WLF’s growth. Solar has made at the very least $75 million in investments in WLFI, making him considered one of its most prominent traders. Given earlier claims that Tron has been used for unlawful monetary actions, his involvement has sparked moral questions.
In change for WLFI token purchases, WLF has been providing offers that permit cryptocurrency groups to hitch its portfolio. This technique has helped the undertaking surpass its preliminary monetary targets, making WLFI probably the most vital token launches in current historical past.
In keeping with the newest BitMart Analysis report, as of Feb. 9, WLF has bought $455 million value of tokens. The undertaking raised $319 million from the sale of 21.3 billion WLFI tokens at a value of $0.015 every. At a value of $0.05 per token, a second spherical of gross sales generated an additional $136 million. With the newest purchases, WLF continues to broaden its footprint within the crypto market
