Trump-backed crypto project has received a $100 million investment from a fund based in the United Arab Emirates (UAE). World Liberty Financial (WLFI) may be listed on exchanges soon and token transfers may be allowed.
Bitcoin is currently trading at around $107,300.
Global interest in cryptocurrencies continues to grow every day. While fundraising rounds of a few million dollars were seen in the past, today altcoins are receiving much larger investments. As the number of Web3-focused funds rapidly increases, these funds are channeling significant resources into altcoins. Recently, the news of a $100 million investment from the UAE has caused a big stir in the market.
Trump-backed World Liberty Financial (WLFI) received a $100 million investment from a UAE-based fund. Although this investment is not seen as a technological innovation on its own, due to Trump's influence, WLFI is referred to as a kind of 'bribe token.' Investors who want to maintain a close relationship with Trump prefer TRUMP Coin or WLFI tokens. There have also been claims that Justin Sun invested in WLFI to drop the lawsuit against him.
Web3-based fund Aqua 1 announced today that it purchased $100 million of WLFI due to its potential in the RWA (real-world assets) and stablecoin fields. Thanks to this initiative, the value of the stablecoin is kept stable at the $1 level and reached a billion-dollar market value in a short time due to Trump's influence.
Zak Folkman, co-founder of World Liberty Financial, made the following statement regarding the $100 million WLFI purchase:
'We are very excited to collaborate with the Aqua 1 team. This partnership is an important step towards bringing crypto assets to wider audiences and strengthening our country's leading position in cryptocurrency and blockchain technologies.'
Dave Lee, co-founder of Aqua 1, stated, 'WLFI and Aqua 1 will explore and develop high-potential blockchain projects together. The USD1 ecosystem and RWA projects of WLFI aim to create a trillion-dollar transformation opportunity in global financial infrastructure by combining traditional capital markets with decentralized technologies.'
WLFI Coin Status
This Trump-backed altcoin is not yet trading on exchanges. The closure of token transfers is the biggest obstacle to listings. However, there may be a significant development soon for WLFI, which is expected to reach a billion-dollar market value in a short time and become an important player in the DeFi space. The team raised expectations by sharing a piece of news with a 'final' like Trump 18 hours ago.
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