Trump-Backed World Liberty Financial Announcement: WLFI Tokens Not For Sale, Only Reallocation!

Bittime - World Liberty Financial, which has ties to President Donald Trump's family, recently issued a statement confirming that it does not sell tokens WLFI. 

WLFI is Not Doing a Token Sale, But an Asset Reallocation

This statement came after rumors that the DeFi project was exchanging tokens with various blockchain projects. In a social media post on February 3, the company explained that they routinely manage their crypto assets as part of a cash management strategy.

“To be clear, we are not selling tokens — we are simply reallocating assets for ordinary business purposes,” the company wrote in its statement.

Source: X/WLFI

WLFI’s “Wow” Crypto Portfolio Is $373 Million Dollars

Currently, World Liberty Financial holds approximately $373 million worth of crypto assets, with primary holdings in Ether (ETH) and Wrapped Bitcoin (WBTC). Although there are reports that the company plans to exchange at least $10 million of WLFI for other cryptocurrencies, they still maintain that the move is not a sale.

Read too Update on How to Buy World Liberty Financial (WLFI) Token

WLFI Just Purchased ETH at the End of January

The company also recently purchased $10 million worth of ETH in the last week of January. With a total supply of 100 billion WLFI, World Liberty Financial has sold 20% of its token supply, raising $300 million at $0.015 per token.

Read too Trump World Liberty Financial (WLFI) Crypto Project Buy 10 Million TRX

Criticism of WLFI: How come it looks like a scam but is legal? 

Despite raising significant funds, World Liberty Financial faced criticism from several public figures. Anthony Scaramucci, Trump's former White House communications director, called the project a “fraud that could undermine” the legitimate cryptocurrency industry. Billionaire Mark Cuban also criticized the launch of the project as an act of “desperation” by Trump, adding that he saw no innovation or value in the project.

FAQ about World Liberty Financial and WLFI Token

1. What does World Liberty Financial say about the WLFI token?

World Liberty Financial confirmed that they are not selling WLFI tokens, but are reallocating assets as part of their cash management strategy. This statement appeared to clarify rumors about token exchanges with other blockchain projects.

2. What is the total value of crypto assets owned by World Liberty Financial?

World Liberty Financial currently holds approximately $373 million worth of crypto assets, with primary holdings in Ether (ETH) and Wrapped Bitcoin (WBTC).

3. What criticism has World Liberty Financial faced regarding this project?

World Liberty Financial faced criticism from several public figures, including Anthony Scaramucci and Mark Cuban, who called the project a "fraud" and an act of "desperation" by Trump, and doubted the value and innovation offered by the project.

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Reference

Sam Bourgi, Trump-backed World Liberty Financial denies token sales, Accessed February 4, 2025

Author: IN