World Liberty Financial, a crypto project linked to the Trump family, announced its intention to acquire a significant amount of the meme coin $TRUMP for its long-term treasury. This was stated by Eric Trump, noting that the deal with the $TRUMP team has already been made. This move is part of the company's strategy aimed at developing decentralized finance (DeFi) and strengthening its position in the crypto sphere. Launched in 2024, World Liberty Financial positions itself as a platform for lending, borrowing, and investing in cryptocurrencies, offering its own token $WLFI and a stablecoin USD1, pegged to the US dollar.
Earlier, Donald Trump promoted $TRUMP, which led to its price surge; however, after that, the token experienced a significant drop, costing investors about $2 billion. Despite this, World Liberty Financial sees potential in $TRUMP for its strategy. The company has already raised $550 million through the sale of $WLFI tokens, with notable investors including Justin Sun, who invested $75 million.
This move has sparked discussions about potential conflicts of interest, considering the project's connections to Donald Trump, who actively promotes crypto-friendly policies. Stay tuned for updates from #MiningUpdates .
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