Trump Family’s WLFI Sells Locked Tokens to Hut8 for $0.25

The Trump family’s crypto project, WLFI, has sold locked tokens to Hut8 for $0.25 each, integrating them into Hut8’s treasury reserves, as announced recently on ChainCatcher.

The non-dilutive nature of this transaction suggests a strategic move to bolster institutional adoption and legitimize WLFI within the crypto market landscape.

Trump’s WLFI Project Nets $0.25 Per Token in Hut8 Sale

WLFI’s token sale involved previously existing treasury tokens being sold to Hut8. Donald Trump Jr.’s involvement in high-profile crypto events highlights the family’s ongoing interest. While this sale did not introduce new tokens to the market, it signifies continuing engagement in digital assets by high-profile figures.

Hut8’s acquisition marks an institutional move toward bolstering its holdings with select crypto assets. The locked tokens’ sale at $0.25 is distinct in avoiding token dilution, showcasing strategic allocation of reserves. Ben Zhou, CEO of Bybit, remarked on the sale’s significance:

Transactions like WLFI’s acquisition by Hut8 serve not only to bolster their treasury but to open pathways for mainstream integration into the financial fabric.

Market reactions have been muted, with no major public statements from prominent crypto figures. The lack of a declared stance in social media circles indicates this transaction is viewed as a natural fit within the existing market alignment.

Price Fluctuations and Expert Insights on WLFI’s Latest Move

Did you know? Treasury-to-institution sales like WLFI’s are common in the crypto ecosystem, often used to expand institutional relationships without destabilizing circulating supply, mirroring techniques previously employed by Bitcoin and Ethereum projects.

According to CoinMarketCap, World Liberty Financial (WLFI) is currently priced at $0.20, with the market cap at $4.87 billion and a 24-hour trading volume of $198.59 million. Over 90 days, the token’s price decreased by 13.42%, reflecting volatility in the crypto markets.

Experts from Coincu note that non-dilutive token sales can strengthen institutional ties without affecting token supply constraints. Hut8’s participation might indicate broader institutional interest, potentially increasing WLFI’s legitimacy among mainstream investors.