World Liberty Financial withdrew $ 10 million USDC from Coinbase to buy 200 million WLFI tokens and spent another $ 125,000 USDC to buy 547,990 SEI at an average price of $ 0.228.
The transaction that took place on 20 February was reported by On-Chain Analytics Platform Onchain-Lens. This purchase is on the heels of the Macro strategy of WLF announced on 12 February.
The Macro strategy is a strategic token reserve that is aimed at strengthening the position of WLF in decentralized financing. WLF said that the reserve will promote stability in the larger crypto ecosystem and help to support popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Despite the claims that WLF could stimulate the acceptance and mainstream integration of digital assets, critics consider it a self-operated company led by Donald Trump and his allies.
Trump and his allies possess 60% of WLF, so that they grant rights to 75% of his income and 22.5 billion WLFI tokens. The Trump family also has a majority share in Trump Media & Technology Group, which recently shifted the focus to financial services associated with cryptocurrency, alongside WLF.
Justin Sun, the controversial Tron Blockchain founder, in particular had a major impact on the expansion of WLF. Sun has done at least $ 75 million in investments in WLFI, making it one of the most prominent investors. Given previous claims that Tron was used for illegal financial activities, his involvement has raised ethical questions.
In exchange for WLFI -token purchases, WLF has offered deals with which cryptocurrency teams can join his portfolio. This strategy helped the project to exceed its initial financial goals, making WLFI one of the most important token launches in recent history.
According to the last Bitmart research reportFrom 9 February, WLF sold $ 455 million in tokens. The project collected $ 319 million from the sale of 21.3 billion WLFI -Tokens for a price of $ 0.015 each. For a price of $ 0.05 per token, a second sales round generated an extra $ 136 million. With the latest purchases, WLF continues to expand its footprint in the Cryptomarkt
