The denial follows a current report alleging that the corporate had engaged in token swaps with varied blockchain tasks.
In an announcement issued on social media, World Liberty Monetary clarified that its current asset actions have been a part of its treasury administration technique and never indicative of token gross sales. “To be clear, we’re not promoting tokens — we’re merely reallocating property for extraordinary enterprise functions,” the corporate said.
The response got here shortly after Blockworks reported that the agency was actively in search of to change not less than $10 million value of WLFI tokens for equal quantities of different cryptocurrencies. The report, citing nameless sources, additionally claimed {that a} 10% payment was being charged for these transactions.
World Liberty’s $373 million Struggle Chest
WLFI launch said they’re backed by Trump Supply: WLFI official X account
At the moment, World Liberty Monetary holds roughly $373 million in digital property, with important stakes in Ether (ETH) and Wrapped Bitcoin (WBTC). The corporate’s crypto portfolio additionally consists of property resembling USD Coin (USDC), Chainlink (LINK), Aave (AAVE), Tron (TRX), and Uniswap (UNI).
World Liberty reportedly purchased 86,000 ETH prior to now 8 hours, spending $220 million. This brings its whole ETH holdings to $420 million.
The undertaking initially gained consideration through the lead-up to the U.S. presidential election, positioning itself as a DeFi platform providing yield-generating alternatives and lending companies. By January 20, it had accomplished the sale of 20% of its whole token provide, elevating $300 million at a worth of $0.015 per WLFI token. As a result of what the corporate described as “huge demand,” it introduced plans to promote a further 5% of its remaining tokens.
Justin Solar, the founding father of Tron, emerged as a significant investor within the undertaking, buying $30 million value of WLFI in November and later growing his stake with a $45 million funding. His involvement raised additional questions after he was appointed as an advisor to the corporate.
Regardless of its fundraising success, World Liberty Monetary has confronted skepticism from figures within the monetary and crypto industries. Former White Home communications director Anthony Scaramucci criticized the undertaking, labeling it a “scammy grift,” whereas billionaire investor Mark Cuban dismissed it as a “determined” try by Trump to capitalize on the crypto market.
Including to the issues, the agency’s current acquisition of Motion’s MOVE token sparked hypothesis about potential conflicts of curiosity. The acquisition coincided with Motion’s discussions with the newly established Division of Authorities Effectivity, led by Elon Musk. Nonetheless, Motion Labs denied any insider involvement.
As World Liberty Monetary prepares for the anticipated Q3 2025 launch of its DeFi platform, scrutiny stays excessive. Whereas the corporate insists that its treasury actions are customary apply, questions persist relating to its broader technique and the affect of its high-profile backers.
