Trump’s World Liberty Financial buys 200M WLFI tokens through new multi-sig wallet

A newly created multi-signature wallet linked to Trump’s World Liberty Financial has purchased 200 million $WLFI tokens after withdrawing $10 million $USDC from Binance.

The transaction which took place on early Feb. 18 was reported by on-chain analytics platform On-Chain Lens. The purchase adds to the ongoing activity around $WLFI, a controversial crypto project with strong political ties to the Trump family.

According to BitMart Research’s latest report, $WLFI has raised $455 million through token sales as of February 9, 2025. The project raised $319 million from the first public sale of 21.3 billion $WLFI tokens at a price of $0.015 each, and another $136 million from a second round of sales at a price of $0.05 per token.

Despite presenting itself as a DeFi lending platform, $WLFI has not yet introduced any DeFi services, hence there is no clear utility for its tokens. The project’s goal seems to be centered on building up its $327 million worth of on-chain and centralized exchange assets instead.

$WLFI token allocation. Source: Bitmart Research

$WLFI’s intimate ties to the Trump family have brought attention to its asset selection. Market observers see the token, like other Trump-affiliated tokens, as a component of a larger plan to profit from Trump’s political power. Notably, the Trump family controls 75% of the token sales revenue.

Justin Sun, the founder of TRON ($TRX), has also developed strong ties with the project and is now $WLFI’s largest institutional investor, having contributed $75 million. The project has allocated $63.41 million to Sun-related assets like $TRX and Wrapped Bitcoin (WBTC).

According to the report, $WLFI had $47.49 million in stablecoins (prior to the purchase) and has moved $307.4 million into Coinbase Prime for safekeeping. In addition to boosting its exposure to Real-World Assets and DeFi protocols, the project’s investment strategy makes it apparent that it’s focused on growing its core asset holdings, especially Bitcoin (BTC) and Ethereum (ETH).