World Liberty Financial withdrew $ 10 million USDC from the coinbase to buy 200 million WLFI tokens and spent another $ 125,000 usDC to buy 547,990 SEI at an average price of $ 0.228.
The transaction that took place on 20 February was informed by the on-chain analytics platform onchain lens. The purchase falls on the heels of the Macro strategy of WLF declared on February 12.
The macro strategy is a strategic token reserve that aims to strengthen the position of WLF in decentralized finance. The WLF stated that the reserve will promote stability in the large crypto ecosystem and assist in supporting popular cryptocurrency such as bitcoin (BTC) and atherium (ETH). Despite the claims that WLF can run the adoption of digital assets and mainstream integration, critics see it as a self-service venture led by Donald Trump and his colleagues.
Trump and his colleagues own 60% of WLF, giving them the rights of 75% of their revenue and 22.5 billion WLFI tokens. The Trump family also has a majority stake in the Trump Media and Technology Group, which recently focused on Financial Services associated with Cryptocurrency besides WLF.
In particular, Justin Sun, the founder of the controversial Tron Blockchain, has had a major impact on the expansion of WLF. Sun has earned at least $ 75 million in investment in WLFI, one of its most prominent investors. Given the previous claims that Tron has been used for illegal financial activities, their participation has given rise to moral questions.
In exchange for purchasing WLFI tokens, WLF is offering deals that allow cryptocurrency teams to join their portfolio. This strategy has helped the project to overcome its initial financial goals, with one of the most important tokens launch in the WLFI recent history.
The latest bitmart research ReportAs of 9 February, WLF has sold tokens worth $ 455 million. The project raised $ 319 million from the sale of 21.3 billion WLFI tokens at a price of each $ 0.015. At the price of $ 0.05 per token, additional $ 136 million was generated in the second round of sales. With the latest purchase, the WLF Crypto continues to expand its footprint in the market
