World Liberty Financial denied selling any WLFI tokens after reports suggested the Trump-linked DeFi project was negotiating token swaps with various blockchain projects.
World Liberty explained through its Feb. 3 social media update that its treasury strategy includes asset reassignment. The post declared that the company does not perform token sales because it moves assets between business operations for standard operational needs.
World Liberty issued a statement through social media following a report about its plans to exchange at least $10 million worth of WLFI tokens for alternative cryptocurrencies while charging a 10% fee.
World Liberty has reportedly revealed its existing token portfolio, which includes Ethereum (ETH), Wrapped Bitcoin (wBTC), Chainlink (LINK), Aave (AAVE), Tron (TRX), and Ethena (ENA).
World Liberty maintains $373 million worth of cryptocurrency assets that consist primarily of ETH and Wrapped Bitcoin (WBTC) according to its on-chain records. The project conducted a $10 million ETH purchase during January 2023.
World Liberty debuted its DeFi platform before the 2024 U.S. presidential election to provide users with earning interest and crypto asset borrowing capabilities. The project reached 20 billion WLFI token sales worth $300 million by Jan. 20 and planned to sell another 5 billion tokens because of “massive demand.”
Tron founder Justin Sun provided $75 million in support to the project, yet critics, including Mark Cuban and Anthony Scaramucci, have strongly criticized the initiative. According to Cuban, the move was described as “desperate” by Trump, whereas Scaramucci referred to it as a “scammy grift.”
Also Read: Trump-Backed WLFI and Crypto Portfolio Drops Amid Market Crash
