A newly created multi-signature wallet linked to Trump’s World Liberty Financial (WLFI) has withdrawn $10 million USDC from Binance to purchase 200 million WLFI tokens. The move further fuels speculation regarding the project’s intentions and its close ties to former U.S. President Donald Trump.

Massive WLFI Purchase Raises Questions

On-chain activity highlights growing political ties in crypto

The transaction, which took place in the early hours of February 18, was first reported by On-Chain Lens, a leading blockchain analytics platform. The purchase adds to the ongoing controversy surrounding WLFI, a crypto project that presents itself as a DeFi lending platform but has yet to introduce any real DeFi services.

According to a BitMart Research report, WLFI has already raised $455 million through token sales, with a first round of $319 million (at $0.015 per token) and a second round of $136 million (at $0.05 per token). Despite these massive funds, the project’s primary activity appears to be accumulating digital assets rather than launching lending protocols or other financial services.

Trump’s Family Reportedly Controls 75% of WLFI Revenues

Critics question the project's purpose and financial structure

While WLFI markets itself as a decentralized financial initiative, its strong ties to the Trump family have raised concerns about potential conflicts of interest and financial motives. Reports indicate that 75% of WLFI’s token sale revenue is controlled by Trump-affiliated entities, leading many to speculate that the project is more about political fundraising than financial innovation.

Market analysts have compared WLFI to previous Trump-affiliated tokens, which have often surged in value based on political sentiment rather than utility. Given its lack of clear utility and Trump’s political influence, critics argue that the project may function as an alternative funding mechanism for Trump’s future political ambitions.

Justin Sun Becomes WLFI’s Largest Institutional Investor

TRON founder injects $75M into the project

The controversial founder of TRON, Justin Sun, has emerged as the largest institutional backer of WLFI, investing a staggering $75 million into the project. WLFI, in turn, has allocated $63.41 million to Sun-related assets, including TRX (TRON) and Wrapped Bitcoin (WBTC), further entangling the project in high-profile crypto networks.

This collaboration raises further questions about WLFI’s long-term intentions, as its investment strategy leans more toward building its asset reserves than providing decentralized financial services.

WLFI’s Growing Asset Portfolio and Strategic Holdings

Heavy investments in Bitcoin and Ethereum signal accumulation strategy

Despite its lack of active lending services, WLFI has strategically diversified its assets. The latest BitMart Research report indicates that the project held $47.49 million in stablecoins before the recent token purchase and has moved $307.4 million into Coinbase Prime for custody.

WLFI’s investment approach focuses on increasing exposure to Bitcoin (BTC), Ethereum (ETH), and Real-World Assets (RWAs) rather than actively building a DeFi ecosystem. Analysts suggest that this move signals an attempt to fortify its financial foundation while positioning itself as a major player in the crypto space.

Key Takeaways from WLFI’s Latest Transaction

📌 200M WLFI tokens purchased via a newly created multi-signature wallet.
📌 Trump’s family controls 75% of token sale revenues, raising concerns.
📌 Justin Sun becomes the largest institutional investor, backing WLFI with $75M.
📌 WLFI’s asset strategy prioritizes accumulation over DeFi service offerings.

With Trump’s financial involvement and WLFI’s growing on-chain activities, the project continues to attract both supporters and skeptics. Whether WLFI evolves into a true DeFi platform or remains a politically linked financial vehicle remains to be seen.