World Liberty Financial Denies Allegations of ‘Selling Tokens’
- The project faces scrutiny over potential quid pro quo relationships after its unexpected purchase of Movement’s MOVE token last week and the appointment of Justin Sun as an advisor following a significant investment.
- The Trump-backed protocol has denied allegations of token sales following a Blockworks report based on anonymous sources.
- Ethereum (ETH) and wrapped Bitcoin (WBTC) make up the majority of World Liberty Financial’s $364 million crypto treasury, with smaller holdings in AAVE, LINK, and ENA.
Stay in the know on crypto by frequently visiting Crypto News Today
Treasury Management or Token Deals?
Trump-backed DeFi platform World Liberty Financial (WLFI) has refuted claims that it is actively selling tokens, following a Blockworks report citing anonymous sources. The report alleged that WLFI has been pitching token swap deals to blockchain projects, offering to exchange at least $10 million worth of unlaunched WLFI tokens for an equivalent amount of the respective blockchain’s native token—while also charging a 10% fee.
CryptoCaster Quick Check:
In response, WLFI’s official account dismissed the allegations, stating that any token movements are part of standard treasury management. “We are not selling tokens—we are simply reallocating assets for ordinary business purposes,” the team clarified on social media. WLFI further emphasized that these transactions are routine and necessary for managing fees, expenses, and liquidity.
WLFI’s Token Sale and Market Impact
The controversy follows WLFI’s recent token sale, in which it successfully sold 20% of its total 100 billion WLFI token supply, raising $254 million. The presale concluded just before Donald Trump re-entered office, though it fell short of the original $450 million target due to an initially slow start.
Despite early hurdles, demand surged in the final days of the offering. On the Saturday before Inauguration Day, only $91 million had been raised—about 35% of the eventual total. WLFI later expanded the sale, issuing an additional 5 billion tokens, representing 5% of the total supply, citing heightened market interest.
Suspicious Transactions and Regulatory Scrutiny
Adding to the speculation, WLFI recently purchased $2 million worth of MOVE tokens, a move that raised concerns within the crypto community. The transaction coincided with rumors of Movement Labs holding talks with the newly created Department of Government Efficiency, spearheaded by Elon Musk. Shortly after, Movement Labs announced a developer mainnet, a step not previously disclosed in its public roadmap.
With WLFI’s growing involvement in high-profile blockchain investments, questions persist regarding its long-term strategy. The platform maintains that it is operating within industry norms, but scrutiny over token distribution, partnerships, and regulatory compliance continues to mount. As the DeFi market evolves, WLFI’s actions will be closely watched by investors and regulators alike.
If this article brought you clarity, insight, or value—support the work that made it possible.
At CryptoCaster, we report on Web3, crypto markets, and institutional finance with no billionaire owners, no shareholders, and no hidden agenda. While mainstream media bends toward Elon Musk, BlackRock, and JPMorgan narratives, we stay focused on what matters: truth, transparency, and the public interest.
We don’t just cover the headlines—we investigate the power structures behind them. From FTX and Ripple to the quiet push for CBDCs, we bring fearless reporting that isn’t filtered by corporate interests.
CryptoCaster is 100% paywall-free. Always has been. To keep it that way, we depend on readers like you.
If you believe independent crypto journalism matters, please contribute—starting at just $1 in Bitcoin or Ether. Wallet addresses are below.
Your support keeps us free, bold, and accountable to no one but you.
Thank you,
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
CRYPTOCASTER HEATMAP
