A prominent crypto market maker and investment firm, DWF Labs has reportedly invested nearly $25 million into Donald Trump’s family backed DeFi project World Liberty Fi. Using the funds, DWF Labs has purchased nearly 250 million WLFI tokens while it’s still in early phase and not yet tradable in secondary markets.
An popular onchain analyst who goes by the name Ai 姨 shares that DWF has subscribed to 250 million WLFI tokens at a price of $0.1 each, the price which is 6.67x time higher from its first round subscription price.
Analyst notes that DWF Labs transferred 25 million USDC 4 days ago to World Liberty Fi’s multisig address and the firm later received 249.99 WLFI tokens.
World Liberty Fi has completed two subscribing rounds with it selling tokens at the price of $0.015 and $0.05 respectively. Now as DWF has purchased nearly 250 tokens, it has probably set a new price mark for WLFI prior to its launch in the market.
The move suggest a deeper strategic partnership between both the firms amid the continues shifts in the crypto landscape under Trump’s influence.
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