The Donald Trump initiative World Liberty Financial (WLF) has made a new move to strengthen its position in the field of decentralized finance. With the transaction took place on February 20, the company, which attracted 10 million USDC from Coinbase, bought 200 million WLFI token with this fund. He also spent 125,000 USDC and got 547,990 SEI token. These strategic purchases of WLF are considered as part of the goal of increasing its impact on the crypto market within the scope of the “Macro Strategy ğı it has recently announced.
Recruitment of SEI and WLFI from Donald Trump initiative
World Liberty Financial (WLF), who has ties with Donald Trump, purchased 200 million WLFI token with a 10 million USDC from Coinbase on February 20. In addition, 125,000 USDC spending an average price of $ 0.228 547,990 SEI token was reported to have purchased. The process was detected by Onchain Lens, the On-Chain Analysis Platform.
This purchasing process came after WLF’s “Macro Strategy” project announced on February 12th. The company’s new strategic reserve aims to strengthen its position in the field of decentralized finance. WLF said that this reserve will increase stability in the crypto ecosystem and help support popular crypto assets such as Bitcoin and Ethereum.
WLF is at the focus of criticism
However, this attempt by WLF was suspected by some critics. It is claimed that the company was ruled by former US President Donald Trump and its allies and is a structure that serves their interests. Trump and its allies have a 60 %stake in WLF, checking 75 %of company revenues and a total of 22.5 billion WLFI token. It is also known that the Trump family has a majority shares in Trump Media & Technology Group and the company has recently turned to financial services, especially to crypto currency sector.
One of the names who played an important role in the expansion process of WLF was the controversial Tron Blockchaini Founder Justin Sun. Sun has invested at least $ 75 million WLFI and is reported to be one of the biggest investors of the company. Considering the allegations that Tron has been used in illegal financial activities in the past, Sun’s connection with WLF caused ethical question marks.
The company offers special agreements that allow Crypto projects to participate in the portfolio to encourage WLFI Token sales. Thanks to this strategy, WLF has exceeded its initial financial objectives and signed one of the largest Token launch of the recent period. According to the latest report published by Bitmart Research, WLF was sold as a total of $ 455 million token as of February 9th. In the first stage, the company collected $ 319 million by selling 21.3 billion WLFI token at a price of 0.015 dollars. Then, in the second round of token at a price of 0.05 dollars of 136 million dollars in investment.
