No WLFI Token Sales, Just Asset Reallocation

February 4, 2025

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No WLFI Token Sales, Just Asset Reallocation

World Liberty Monetary denied promoting any WLFI tokens after stories advised the Trump-linked DeFi challenge was negotiating token swaps with varied blockchain initiatives.

World Liberty defined by means of its Feb. 3 social media replace that its treasury technique consists of asset reassignment. The put up declared that the corporate doesn’t carry out token gross sales as a result of it strikes property between enterprise operations for normal operational wants.

Supply: X

World Liberty issued a press release by means of social media following Blockworks’ report about its plans to trade a minimum of $10 million price of WLFI tokens for different cryptocurrencies whereas charging a ten% payment.

World Liberty has reportedly contacted its current token portfolio which incorporates Ethereum (ETH), USD Coin (USDC), Chainlink (LINK), Aave (AAVE), Tron (TRX) and Uniswap (UNI).

World Liberty maintains $373 million price of cryptocurrency property that consist primarily of ETH and Wrapped Bitcoin (WBTC) in keeping with its onchain information. The challenge carried out a $10 million ETH buy throughout January 2023.

World Liberty debuted its DeFi platform earlier than the 2024 U.S. presidential election to offer customers with incomes curiosity and crypto asset borrowing capabilities. The challenge reached 20 billion WLFI token gross sales price $300 million by Jan. 20 and deliberate to promote one other 5 billion tokens due to “large demand.”

Tron founder Justin Solar offered $75 million help to the challenge but critics together with Mark Cuban and Anthony Scaramucci have strongly criticized the initiative. In line with Cuban the transfer was described as “determined” by Trump whereas Scaramucci referred to it as a “scammy grift.”