Donald Trump’s World Liberty Financial purchases $10M in WLFI, $125K in SEI
World Liberty Financial withdrew $10 million USDC from Coinbase to buy 200 million WLFI tokens and spent another $125,000 USDC to purchase 547,990 SEI at an average price of $0.228.
The transaction which took place on Feb. 20 was reported by on-chain analytics platform Onchain Lens. This purchase comes on the heels of WLF’s Macro Strategy announced on Feb. 12.
The Macro Strategy is a strategic token reserve aiming to strengthen WLF’s position in decentralized finance. WLF said the reserve will promote stability in the larger crypto ecosystem and assist in supporting popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Despite claims that WLF could drive adoption and mainstream integration of digital assets, critics view it as a self-serving venture led by Donald Trump and his allies.
Trump and his allies own 60% of WLF, granting them rights to 75% of its revenues and 22.5 billion WLFI Tokens. The Trump family also owns a majority share in Trump Media & Technology Group, which recently shifted focus to financial services connected to cryptocurrency, in addition to WLF.
Notably, Justin Sun, the contentious Tron blockchain founder, has had a major impact on WLF’s expansion. Sun has made at least $75 million in investments in WLFI, making him one of its most prominent investors. Given previous claims that Tron has been used for illegal financial activities, his involvement has sparked ethical questions.
In exchange for WLFI token purchases, WLF has been offering deals that allow cryptocurrency teams to join its portfolio. This strategy has helped the project surpass its initial financial goals, making WLFI one of the most significant token launches in recent history.
According to the latest BitMart Research report, as of Feb. 9, WLF has sold $455 million worth of tokens. The project raised $319 million from 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 round of sales generated an extra $136 million. With the latest purchases, WLF continues to expand its footprint in the crypto market
