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# Crypto Venture Endorsed by Trump Invests in Sui, a Possible Rival to Solana, Menacing Bitcoin and Ethereum
* World Liberty Financial teams up with Sui.
* The DeFi initiative, backed by Trump, intends to acquire Sui holdings and incorporate them into its calculated virtual currency stashes.
* WLFI’s dealings might possess specific importance.
World Liberty Financial is growing its token possessions.
This DeFi initiative, which has the support of Trump, will “investigate product creation chances” with the Layer 1 blockchain Sui and “intends to add Sui assets to its ‘macro plan’,” which alludes to the initiative’s token reserves.
The Sui Foundation described these strategies in an internet record last Thursday.
Sui’s inherent token market capitalization surpassed $9 billion and briefly grew 18% after the announcement was made public.
This agreement TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America Sui represents the newest in World Liberty Financial’s increasing catalog of virtual currency initiative partnerships. Since October, the firm has gathered $300 million by trading its WLFI tokens to backers.
Beforehand, World Liberty Financial invested $20 million to buy so-called Wrapped Bitcoin, Ether, and Move tokens. Days afterward, virtual currency leaders will visit the White House to talk about policy.
The Sui blockchain employs the Move programming language and is broadly considered as a quicker and more scalable contender to Solana. As per DefiLlama figures, $1.5 billion in virtual currency is secured within Sui’s DeFi systems.
Virtual currency tokens obtained by World Liberty Financial generally profit from a swift surge in backer curiosity.
## Trump and WLFI
In January of this year, World Liberty bought $2 million worth of Move blockchain tokens, and the cost of these tokens rapidly increased by roughly 23%.
World Liberty Financial is not possessed by President Donald Trump, but he promotes it and gains from it.
Donald Trump alongside his offspring Don Jr., Eric, including Barron are poised to reap rewards from the WLFI token transaction and upcoming earnings of the World Freedom Financial endeavor. They’ll be splitting the proceeds alongside the project’s creator and associates, notably Trump’s enduring companion, Steven Witkoff.
**The “Macro Strategy”**
For several months, World Freedom Financial (WLFI) has been discreetly accumulating a collection of cryptocurrencies. Initially, nobody truly comprehended the rationale, although last month, they revealed they’d constructed a “strategic token reserve” – what they’re branding a “macro strategy.”
Per their posts on X, this reserve is intended to alleviate market instability, stimulate expansion, and foster confidence. Nevertheless, there might be supplementary aspects than initially perceived.
A Blockworks inquiry in February unveiled that World Freedom Financial had been exploring token swap arrangements alongside other crypto squads. Sources informed Blockworks that WLFI representatives were proposing to vend a minimum of $10 million worth of WLFI tokens to these squads for a 10% commission. The stipulation? World Freedom Financial would subsequently procure an equivalent sum of the buyer’s crypto tokens.
A pair of crypto project originators additionally communicated to DL News that they were presented analogous agreements.
The Sui Foundation did not acknowledge solicitations for commentary.
World Freedom Financial’s token reserve encompasses Wrapped Bitcoin and Ether, in conjunction with Tron’s TRX token, Ethena’s ENA token, including Ondo Finance’s ONDO token, amongst others.
*Tim Craig functions as DL News’ DeFi Correspondent situated in Edinburgh. Reach out to him via [email protected] in the event you possess any recommendations.*
