Trumps Financial Empire Makes Waves With $10 Million WLFI, $125K SEI Purchase
Donald Trump's World Liberty Financial (WLF) spent $10 million USDC to acquire 200 million WLFI tokens and $125,000 USDC to purchase 547,990 SEI tokens at an average price of $0.228 each on February 20, 2025. WLF is a crypto project backed by Trump and some family members with the stated goal of strengthening the US dollar in the DeFi space. Trump and associates reportedly control 60% of WLF, giving them 75% control of its revenue and access to 22.5 billion tokens. WLF announced a "Macro Strategy" initiative on February 12, 2025, aiming to enhance stability and growth within the DeFi space. Justin Sun invested $75 million in WLF. As of February 9, 2025, WLF had sold $455 million worth of tokens: $319 million from the initial sale of 21.3 billion tokens at $0.015 each and another $136 million in a second round. The project has faced criticism due to its connection to the Trump family.