Arkham Intelligence tracks that WLFI, with the backing of Trump, expanded its crypto reserves by adding 3.54 million Mantle (MNT) on the 23rd of March.
Their wallet not only contains Mantle but is diversified with ETH, TRON, AVAX, and MOVE among several other cryptocurrencies. someone is stacking .
The wallet impressively contains eleven different digital currencies, including heavyweights like Ethereum (ETH), Wrapped Bitcoin (WBTC), and Tron (TRX), as well as Chainlink (LINK), and Aave (AAVE). Lesser-known assets like Ethena (ENA), MOVE (MOVE), Ondo (ONDO), Sei (SEI), Avalanche (AVAX), and Mantle (MNT) add to the diversity.
Long Crypto!
With the recent purchase of MNT tokens, WLFI now holds a total of 5.99 million Mantle, valued over $5 million at current market conditions. Just a week ago, the entity obtained 2.45 million MNT tokens alongside 103,911 AVAX tokens.
By spreading its investments across an array of blockchain initiatives, the entity aims to cushion the effects of market swings. It also plans to fortify the DeFi landscape by channeling funds into groundbreaking projects, thus opening up new business avenues.
From the Lookonchain data, it's clear that Ethereum (ETH) forms the backbone of WLFI's financial heap, dominating with an estimated value of $134 million, trailed by Wrapped Bitcoin (WBTC) with $69.5 million.
Despite the varied asset allocation, the ETH holdings weigh heavily due to significant unrealized losses, totaling an estimated $85 million at the present moment. Cumulatively, WLFI's portfolio setbacks have surged past the $111 million mark.
Contrasting the overarching losses, MNT and AVAX, the newest entrants, have been bright spots with unrealized profits surmounting to beyond $113,800.
WLFI strategically partners with Sui, a dominant Layer-1 blockchain, focusing on weaving Sui’s advances into WLFI’s framework and delving into uncharted territories to craft cutting-edge DeFi applications.
As part of the alliance, Sui tokens will soon be incorporated into WLFI's 'Macro Strategy' reserves, already home to BTC, ETH, TRX, LINK, and ONDO.
The project boasts alliances with notable protocols and financial entities like Ondo Finance, Ethena, Chainlink, and Aave, already in place.
WLFI Completes $550 Million Token Sale
After launching its WLFI tokens last October, World Liberty Financial declared on March 17 that it successfully amassed $550 million from dual phases of token sales. The initial phase amounted to $300 million in WLFI tokens, followed by a $250 million batch.
Attracting over 85,000 participants, the token sales required completion of a Know Your Customer (KYC) process, affirming participant legitimacy.
This conclusion was achieved despite an initial challenging sale phase that compelled a revision of the initial target from $300 million down to $30 million, reflecting a 90% decrement due to prior setbacks.
Initial sales faltered, yielding merely $11–12 million, hindered by technological glitches, regulatory constraints, and a lack of investor confidence. However, post Trump's electoral victory and the unveiling of the Official Trump (TRUMP) token, sales momentum revived.
In response to climbing investor interest, WLFI announced in January an additional issuance of 5 billion tokens. These were offered at an increased rate of $0.05 per unit, rising from $0.015.
Riding on the Trump wave and with backing from his family, WLFI embarked with an aim to supply clear, easily accessible, and secure financial services. The project intends to make DeFi more reachable by creating user-friendly solutions.
Celebrating token sale success, Zach Witkoff, WLFI’s co-founder, remarked that these achievements only mark the project’s inception. Future techno-centric releases from WLFI are anticipated to redefine digital asset potentials.
This landmark demonstrates to those well-versed in crypto and finance what WLFI is materializing – positioning itself to fuel the DeFi revolution and reshape the world of finance in the ensuing years, according to Witkoff.
Prominently positioned as the platform’s governance token, the WLFI token empowers its holders to weigh in on consequential decisions affecting the platform's development and business operations. As an ERC-20 standard on Ethereum, it’s designed for interplay with a broad spectrum of DeFi application.
