Sui price jumps 14% as World Liberty Financial announces partnership
World Liberty Financial, a Donald J. Trump-inspired project, has announced a partnership with Sui, a leading Layer 1 blockchain.
As part of the collaboration, WLFI will integrate SUI (SUI) into its strategic token reserve, “Macro Strategy,” and explore new blockchain applications with the Sui ecosystem.
Zak Folkman, co-founder of WLFI, emphasized Sui’s appeal as an American-born innovation with significant scale and adoption.
“Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision,” Folkman said.
Sui’s rapid growth, which includes surpassing $70 billion in decentralized exchange volume and amassing over 67 million accounts, made it an attractive partner for WLFI’s expansion into new blockchain opportunities.
SUI is up over 14% in the last 24 hours, per crypto.news data.
WLFI’s co-founder advocates for Ethereum at the White House
Beyond the Sui partnership, WLFI co-founder Zach Witkoff has been vocal about Ethereum’s role in the broader crypto landscape.
On X, Witkoff called for Ethereum representation at the upcoming White House crypto summit on March 7.
“@worldlibertyfi has been one of the biggest supporters of Ethereum from day one—we stand with the entire ETH community,” Witkoff posted, asking Ethereum proponents what topics they want to be addressed.
In line with that sentiment, WLFI added more to its holdings in Ethereum (ETH) and other digital currencies. On-chain data from Lookonchain showed that WLFI transferred $25 million USDC into a newly established multi-signature wallet, indicating intentions to further diversify its crypto portfolio.
The fund’s recent acquisitions include: 4,468 ETH for $10 million, averaging $2,238 per ETH, 110.6 Wrapped Bitcoin (WBTC) for $10 million at a price of $90,420 per BTC, and 3.42 million MOVE (MOVE) tokens for $1.5 million, priced at $0.439 per token.
