Trump-backed World Liberty Financial Denies Token Sales

DeFi protocol World Liberty Financial, backed by Trump, has a treasury filled with various crypto tokens. There have been claims that the team is actively selling tokens, but the World Liberty X account has disputed these allegations.

They stated that the movements of their crypto holdings are part of regular treasury management and not token sales. It was clarified that these reallocations are strictly for business purposes and not aimed to sell tokens.

The team emphasized that these actions are a normal practice in maintaining a strong, secure, and efficient treasury.

A news article by Blockworks stated that World Liberty had offered to swap unlaunched WLFI tokens for the same amount of a blockchain’s native token, charging a 10% fee.

However, the team claims that these actions are necessary for managing operations and should not be speculated upon. This was revealed on Monday, during a market selloff.