Trump's World LIberty Financial continues buying great US based projects. They just added Sui to their portfolio.
Here’s what Sui being part of $WLFI really means.
As we’ve seen, the Trump project has a bias in favor of DeFi projects AND for US-based projects. Sui satisfies both. Sui and WLFI have signed a strategic reserve and product collaboration deal, which entails WLFI adding the project to its portfolio and the two teams working together on product development.
We’ve seen from WLFI the combination of projects they are using like AAVE and LINK and projects they find strategic like wBTC and MOVE to be among their holdings. Sui joins this club and its ecosystem is expecting more on-chain development and greater adoption through its higher profile.
Maybe we should have seen this coming. Eric Trump did reveal in January that he holds the project in his personal portfolio.
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Even still, this announcement caught many of us, including fans of the project, off guard.
First, what this means is a higher profile. People who don’t know what a blockchain is will be talking about them now. For a well-managed team like Sui, this is a good thing even though it’s a lot to live up to.
The team was first approached, according to members of the Sui team, for its technology and potential to play a role in modern digitized finance. WLFI is clearly interested in MOVE language-based projects, and already has $MOVE from Movement Labs in their portfolio. Sui was also a major sponsor of the crypto ball that took place during the Trump inauguration.
WLFI has said that Sui’s flexible and scalable design makes asset ownership secure and accessible to everyone. The Sui team told us that a deeper partnership is quickly coming together given WLFI’s ambitions across CeFi and DeFi. and how Sui’s technology is in a good position to help them succeed.
Sui is up 19% in the last 24 hours, per CoinGecko, with a price of just under $3. Its all-time high is $5.35 from back in January and it’s up 106% over the last 12 months. This puts Sui in the top tier of performers not named Bitcoin in the last 12 months. We expect this excellent performance to continue with the help of this new partnership.
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. This post is sponsored by Sui.
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🚨 BREAKING — we’re extremely excited to announce a partnership with @worldlibertyfi, a Donald J. Trump-inspired pioneering DeFi protocol, rooted in a shared vision for a more open and transparent financial world. As part of this collaboration: 💥 WLFI will include SUI in their Show more
