World Liberty Financial recently made a significant transaction, withdrawing $10 million USDC from Coinbase to purchase 200 million WLFI tokens and spending an additional $125,000 USDC to acquire 547,990 SEI tokens at an average price of $0.228. This transaction, which occurred on Feb. 20, was reported by on-chain analytics platform Onchain Lens. The move follows the announcement of WLF’s Macro Strategy on Feb. 12.
The Macro Strategy is a strategic token reserve designed to enhance WLF’s position in decentralized finance. The reserve aims to promote stability in the broader crypto ecosystem and provide support for popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). While WLF asserts that the reserve could drive adoption and mainstream integration of digital assets, critics see it as a self-serving endeavor led by Donald Trump and his associates.
Donald Trump and his allies hold a 60% stake in WLF, granting them rights to 75% of its revenues and 22.5 billion WLFI tokens. The Trump family also holds a majority share in Trump Media & Technology Group, which has recently pivoted towards financial services related to cryptocurrency, in addition to WLF.
Justin Sun, the controversial founder of the Tron blockchain, has played a significant role in WLF’s expansion. Sun has invested at least $75 million in WLFI, making him one of its key investors. Given previous allegations of illegal financial activities associated with Tron, Sun’s involvement has raised ethical concerns.
In exchange for WLFI token purchases, WLF has been offering opportunities for cryptocurrency teams to join its portfolio. This strategy has helped the project exceed its initial financial targets, making WLFI one of the most notable token launches in recent times.
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 $0.015 each. A second round of sales at $0.05 per token generated an additional $136 million. With these latest transactions, WLF continues to expand its presence in the crypto market.