Donald Trump’s World Liberty Financial Buys WLFI and SEI Tokens
World Liberty Financial withdrawn $ 10 million USDC from Coinbase to buy 200 million WLFI tokens and spent additional USDC 125,000 to buy 547,990 SEIs at an average price of $ 0.228.
The transaction that took place on February 20 was reported by the onchain Lens chain analysis platform. This purchase comes to the heels of the WLF macro strategy announced on February 12.
Macro Strategy is a strategic token reserve aimed at strengthening WLF’s position in decentralized finance. WLF said that the reserve would promote stability in the largest cryptography ecosystem and help support popular cryptocurrencies like bitcoin (BTC) and Ethereum (Ethn). Despite the affirmations that WLF could stimulate the adoption and traditional integration of digital assets, criticism consider it a selfish business led by Donald Trump and its allies.
Trump and its allies have 60% of the WLF, granting them to 75% of its income and 22.5 billion WLFI tokens. The Trump family also has a majority share in Trump Media & Technology Group, which recently transformed financial services linked to cryptocurrency, in addition to WLF.
In particular, Justin Sun, the controversial founder of Tron Blockchain, had a major impact on the expansion of WLF. Sun has made at least $ 75 million in WLFI investments, making it one of his most prominent Investors. Given the previous allegations according to which Tron was used for illegal financial activities, his involvement has triggered ethical issues.
In exchange for purchases of WLFI tokens, WLF offered offers that allow the cryptocurrency teams to join its portfolio. This strategy has helped the project exceed Its initial financial objectives, making WLFI one of the most important token launches in recent history.
According to the latest search Bitmart reportAs of February 9, WLF sold $ 455 million in chips. The project raised $ 319 million compared to the sale of 21.3 billion WLFI tokens at a price of $ 0.015 each. At a price of $ 0.05 per token, a second cycle of sales generated an additional $ 136 million. With the latest purchases, WLF continues to extend its footprint on the cryptography market
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