In the grand theater of American finance, where the curtains rise and fall with the whims of a tweet, President Donald Trump’s World Liberty Financial has once again taken center stage. This week, the company, like a magician pulling rabbits from a hat, announced a dazzling new round of investments aimed at expanding its crypto portfolio. With a flourish, they withdrew a staggering $10 million USDC from the hallowed halls of Coinbase, only to turn it into a veritable mountain of 200 million WLFI tokens. And as if that weren’t enough, they tossed another $12,000 into the pot for 547,990 SEI tokens, averaging a price that would make a penny stock investor weep with envy—$0.228.
These transactions, recorded on the fateful day of February 20th, were as predictable as the sunrise, coinciding with the release of their macro strategy just days prior, on February 12th. It’s almost as if they planned it that way. 🤔
A multisig wallet, crafted by the hands of #Trump‘s World Liberty Finance (@worldlibertyfi), has whisked away $10M $USDC from #Coinbase to acquire 200M $WLFI.
They also splurged $125k $USDC to snag 547,990 $SEI at that oh-so-tempting average price of $0.228.
MultiSig Wallet: 0x64bcb62afee4712bb6ecf7673ee3cfe6e2e133e8…
— Onchain Lens (@OnchainLens) February 20, 2025
The Trump Family’s Crypto Adventure: A Family Affair
World Liberty Financial, a crypto and DeFi project, is not just a business; it’s a family reunion of sorts, with the President and his kin—Donald Trump Jr., Eric Trump, and the ever-elusive Barron Trump—gathering to strengthen the US dollar’s position in the wild, wild west of DeFi. It’s like a family barbecue, but instead of hot dogs, they’re grilling up digital assets.
According to the company’s own records, the Trump clan holds a hefty 60% stake in WLF, granting them a whopping 75% control over the firm’s revenue and access to a treasure trove of 22.5 billion tokens. Meanwhile, the Trump Media & Technology Group, which recently decided to dip its toes into the crypto waters after a stint in financial services, is also under their watchful eye.
WLF’s Macro Strategy – The Plot Thickens
On February 12th, in a move that could only be described as strategic genius (or perhaps just a stroke of luck), Trump’s crypto company unveiled its Macro Strategy—a token reserve designed to boost its competitiveness in the DeFi arena. In a tweet that echoed through the digital canyons, WLF proclaimed its mission to enhance stability, foster growth, build trust, and forge partnerships with financial institutions. Because who doesn’t want a little trust in the world of crypto, right? 😂
Recently, WLF received a shot in the arm from none other than Tron’s Justin Sun, who decided to invest at least $75 million in its native token. This made him a prominent figure in the crypto circus, though his entry was met with raised eyebrows due to his alleged ties to less-than-legal financial escapades. But hey, what’s a little controversy in the world of crypto? It’s practically a rite of passage!
WLF: Expanding Holdings Amidst the Critics
With Trump’s backing and Sun’s investment, WLF is charging ahead in the crypto market like a bull in a china shop. According to a BitMart Research report, as of February 9th, the company has sold a jaw-dropping $455 million worth of tokens. Trump’s crypto venture raked in $319 million from selling its 21.3 billion tokens at a mere $0.015 each. And just when you thought it couldn’t get any better, they pocketed another $136 million in their second round of sales.
Yet, amidst the clinking of coins and the cheers of investors, WLF finds itself in the eye of a storm, with critics claiming that this crypto venture is nothing more than a self-serving scheme benefiting the President’s family and their
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2025-02-20 22:14