WLFI Tokens Sold for $100M to UAE Fund
The UAE-based Aqua1 fund announced a $100 million purchase of World Liberty Financial (WLFI) tokens. This follows World Liberty's plans to allow WLFI trading, a DeFi project backed by President Trump. The link with the Middle East may provoke criticism due to Trump's crypto ventures, with Trump reportedly earning over $57 million from token sales and holding substantial WLFI token ownership, granting voting rights. The project describes Trump as its 'chief crypto advocate.' Aqua1 aims to build a blockchain-driven financial ecosystem to enhance crypto asset growth and liquidity. In a prior similar venture, MGX from Abu Dhabi closed a $2 billion deal with Binance using World Liberty's stablecoin. Aqua1's strategy includes promoting stability and growth in the crypto sector.
FAQ
❓ Who purchased the WLFI tokens?
The UAE-based fund Aqua1 purchased $100 million worth of WLFI tokens.
❓ What is World Liberty's connection to Trump?
World Liberty is a DeFi project backed by Trump, where he acts as a 'chief crypto advocate.'
❓ What is Aqua1's goal with WLFI tokens?
Aqua1 aims to create a blockchain-powered financial ecosystem to support the crypto sector's growth and liquidity.