In a move that would make a snake oil salesman blush, Trump’s World Liberty Financial has dipped its greedy claws into the crypto pond, scooping up 200 million WLFI tokens like they’re going out of style. And what better way to do it than by yanking $10 million USDC from Binance?
This February 18th shenanigan was caught by the ever-vigilant On-Chain Lens, which reported the deal with a mix of awe and disbelief. WLFI, a crypto project so controversial it makes a presidential debate look like a kindergarten spat, continues to cozy up to the Trump dynasty.
6 hours ago, A newly created MultiSig wallet by #Trump’s World Liberty Finance (@worldlibertyfi) has withdrawn $10M $USDC from #Binance and bought 200M $WLFi.
Address: 0xe54a7f3714c8d104783b207799d6d9985cd68539
Data @nansen_ai
— Onchain Lens (@OnchainLens) February 17, 2025
BitMart Research, in a report that’s as exciting as watching paint dry, reveals WLFI has raked in a whopping $455 million from token sales. First, they sold 21.3 billion WLFI tokens for peanuts, then they upped the ante and sold more for a shiny nickel each. But where’s the beef? There’s no DeFi service in sight!
WLFI tokens, it seems, are about as useful as a screen door on a submarine. The project’s ‘strategy’ boils down to amassing a pile of assets that would make Scrooge McDuck jealous, all while Trump & Co. presumably rub their hands with glee.
Trump’s sticky fingers are all over this token, and it’s no surprise that WLFI is seen as a pawn in a grand game of profit-making. With the Trumps pocketing 75% of the sales revenue, it’s a family affair like no other.
Justin Sun, the man who brought TRON to the world, has now hitched his wagon to the WLFI star, pouring in $75 million. The project then kindly threw $63.41 million right back at Sun-related assets. What a cozy arrangement!
Before this latest token grab, WLFI had $47.49 million in stablecoins. Now, they’ve parked $307.4 million in Coinbase Prime, presumably to keep it safe from any more ‘brilliant’ investment ideas. Their strategy? Hoard Bitcoin and Ethereum, and let the good times roll!
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2025-02-18 06:45