The layer-1 blockchain Sui (SUI) is making waves in the crypto market with its recent collaboration with World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol associated with US President Donald Trump. Despite the downturn in the broader crypto market, SUI is seeing price gains thanks to this new partnership.
According to Zak Folkman, co-founder of World Liberty Financial, the decision to work with Sui was based on the platform’s American-born innovation, scale, and adoption. He stated, “It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision.”
World Liberty Financial clarifies on its website that while Trump is not directly involved with the firm, he is listed as the chief crypto advocate. Additionally, DT Marks DEFI LLC, a company linked to Trump and his family members, holds a significant amount of WLFI tokens and is entitled to receive fees from the project.
As of now, SUI is trading at $2.76, marking a 5.18% increase over the past 24 hours. In contrast, other major altcoins like Ethereum (ETH), Solana, and Cardano (ADA) are experiencing price declines.
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