Token

World

Wrapped Bitcoin

Liberty

<h4>World Liberty project appears in news headlines for a second time with actual denials of misinformation. The information showed that World Liberty Financial (WLFI) conducted exclusive token sales. They made these sales to crypto ventures before WLFI’s token launch. According to company statements, the information is false.&nbsp;</h4> 
In a social media post, World Liberty clarified that it wasn’t selling tokens but reallocating assets as part of its regular business operations. So, what’s going on? Let’s break it down. 
<h5>What Sparked the Rumors?</h5> 
A <a href="https://blockworks.co/news/trump-backed-project-token-swaps" target="_blank" rel="noopener">report</a> by Blockworks claimed that World Liberty was offering token swaps. The company reportedly bought and sold $10 million worth of <a href="https://www.worldlibertyfinancial.com/us/token-sale" target="_blank" rel="noopener">WLFI tokens</a>, which it exchanged for crypto tokens from other projects at a 10% fee. The report detailed how the company approached previously financed projects by seeking investment from ETH, USDC, LINK, AAVE, TRX, and UNI. However, they rebutted this claim. 
The company stated that its crypto trades are part of regular Treasury management and emphasized that WLFI tokens were not sold. World Liberty maintains $373 million in crypto assets. Ethereum (ETH) and Wrapped Bitcoin (WBTC) are its primary holdings. <a href="https://www.worldlibertyfinancial.com/" target="_blank" rel="noopener">World Liberty Financial</a> made its biggest ETH acquisition in late January, worth $10 million. 
<blockquote class="twitter-tweet"> 
 We’re making routine movements of our crypto holdings as part of regular treasury management, and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens—we are simply reallocating assets for ordinary business purposes.… 
 — WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1886441070164083074?ref_src=twsrc%5Etfw">February 3, 2025</a>
</blockquote> 
<h5>The Trump-Linked Crypto Project</h5> 
For those unfamiliar with the term, <a href="https://www.altcoinbuzz.io/?s=World+liberty" target="_blank" rel="noopener">World Liberty Financial</a> launched ahead of the 2024 US presidential election. Through its system, users can earn interest on digital assets and secure lending power for their stored cryptocurrencies. 
Financial success became remarkable after the newly established project launched operations. The platform achieved historical success by selling 20% of its total 100 billion WLFI token supply. Before Jan. 20, it raised $300 million at $0.015 per token. Due to high demand, it plans to sell an additional 5% of the tokens. 
<blockquote class="twitter-tweet"> 
 We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply. Please be patient while our team works to relaunch the sale. We’ll share updates here as soon as… 
 — WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1881164477262930130?ref_src=twsrc%5Etfw">January 20, 2025</a>
</blockquote> 
One of its biggest supporters is Tron founder Justin Sun. In November, he <a href="https://twitter.com/WatcherGuru/status/1861156679334744128?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">bought</a> $30 million worth of WLFI and invested another $45 million in January. 
<h5>Conclusion</h5> 
According to World Liberty, there is no token sale. They insist they are simply moving crypto around as part of their strategy. 
With a $373 million crypto portfolio, Trump family connections, and strong backers like Justin Sun, this project isn’t fading soon. But with big names calling it a scam, it’s clear that it remains one of the most controversial projects right now. 
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<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/world-liberty-denies-trump-backed-token-sales/">World Liberty Denies Trump-Backed Token Sales</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

World Liberty Denies Trump-Backed Token Sales

Altcoin Buzz

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