A newly created multi-signature wallet linked to Trump’s World Liberty Financial has purchased 200 million WLFI tokens after withdrawing $10 million USDC from Binance.
The transaction which took place on early Feb. 18 was reported by on-chain analytics platform On-Chain Lens. The purchase adds to the ongoing activity around WLFI, a controversial crypto project with strong political ties to the Trump family.
According to BitMart Research’s latest report, WLFI has raised $455 million through token sales as of February 9, 2025. The project raised $319 million from the first public sale of 21.3 billion WLFI tokens at a price of $0.015 each, and another $136 million from a second round of sales at a price of $0.05 per token.
Despite presenting itself as a DeFi lending platform, WLFI has not yet introduced any DeFi services, hence there is no clear utility for its tokens. The project’s goal seems to be centered on building up its $327 million worth of on-chain and centralized exchange assets instead.
WLFI’s intimate ties to the Trump family have brought attention to its asset selection. Market observers see the token, like other Trump-affiliated tokens, as a component of a larger plan to profit from Trump’s political power. Notably, the Trump family controls 75% of the token sales revenue.
Justin Sun, the founder of TRON (TRX), has also developed strong ties with the project and is now WLFI’s largest institutional investor, having contributed $75 million. The project has allocated $63.41 million to Sun-related assets like TRX and Wrapped Bitcoin (WBTC).
According to the report, WLFI had $47.49 million in stablecoins (prior to the purchase) and has moved $307.4 million into Coinbase Prime for safekeeping. In addition to boosting its exposure to Real-World Assets and DeFi protocols, the project’s investment strategy makes it apparent that it’s focused on growing its core asset holdings, especially Bitcoin (BTC) and Ethereum (ETH).