Sui (SUI) Token Surges Following Strategic Partnership with World Liberty Financial
The native token of Sui (SUI) saw a significant price surge on Thursday after announcing a strategic reserve agreement with World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol linked to U.S. President Donald Trump, according to CoinDesk.
Under the newly formed partnership, WLFI will integrate Sui assets into its cryptocurrency portfolio, marking a significant step toward expanding its blockchain-based financial services. Additionally, both entities plan to explore collaborative opportunities for product development in the DeFi sector.
Following the announcement, SUI's price spiked by as much as 10%, briefly approaching the $3 mark before experiencing a slight pullback. Despite this, the token maintained a strong 13% gain over the past 24 hours, securing its position as the top-performing asset in the CoinDesk 20 Index, which tracks the broader cryptocurrency market.
Zak Folkman, co-founder of WLFI, expressed optimism about the partnership, emphasizing Sui’s technological strength and market adoption. “We chose Sui for its American-born innovation, impressive scale, and adoption. With our plans to support foundational DeFi assets in the coming months, partnering with Sui was an obvious choice,” he stated.
The collaboration highlights the growing interest in blockchain infrastructure and decentralized financial solutions, positioning Sui as a key player in the evolving digital asset landscape.
