World Liberty: The Token Tango Nobody Asked For! 💃🕺

In a most curious turn of events, World Liberty Financial has vehemently denied any involvement in the sale of WLFI tokens. This denial comes hot on the heels of reports suggesting that this Trump-associated DeFi venture was engaged in negotiations for token swaps with various blockchain entities. Oh, the audacity! 😏

On February 3rd, in a social media update that could only be described as a masterclass in corporate doublespeak, World Liberty proclaimed that their treasury strategy is one of asset reassignment. They insist, with a straight face, that they do not engage in token sales, but rather shuffle assets around like a magician at a children’s party, all in the name of operational needs. 🎩✨

World Liberty Financial Denial

Following a report from Blockworks, World Liberty took to social media once more, revealing plans to exchange at least $10 million worth of WLFI tokens for alternative cryptocurrencies, all while graciously charging a 10% fee. Because who doesn’t love a good fee? 💸

It appears that World Liberty has been busy curating a portfolio that includes the likes of Ethereum (ETH), USD Coin (USDC), Chainlink (LINK), Aave (AAVE), Tron (TRX), and Uniswap (UNI). Quite the eclectic mix, wouldn’t you say? 🎨

According to their on-chain records, World Liberty boasts a staggering $373 million in cryptocurrency assets, primarily composed of ETH and Wrapped Bitcoin (WBTC). They even made a $10 million ETH purchase back in January 2023. Talk about a shopping spree! 🛒

As the 2024 U.S. presidential election looms, World Liberty has unveiled its DeFi platform, promising users the ability to earn interest and borrow crypto assets. By January 20, they had already sold 20 billion WLFI tokens worth $300 million and were planning to sell an additional 5 billion due to “massive demand.” Because who doesn’t want more tokens? 🤷‍♂️

However, not everyone is singing their praises. Tron founder Justin Sun has thrown $75 million into the pot, but critics like Mark Cuban and Anthony Scaramucci have not held back. Cuban described the initiative as “desperate,” while Scaramucci labeled it a “scammy grift.” Oh, the drama! 🎭

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2025-02-04 08:04