WLFI invested $3 million in MNT tokens as part of their broader strategy of investing $343 million in cryptocurrencies.
WLFI's Investment in Crypto Assets
According to Wu Blockchain, the Trump-supported WLFI project invested $3 million in purchasing 3.539 million MNT tokens at an average of $0.84 per token. This purchase is a part of an overall strategy involving $343 million worth of investments in 11 cryptocurrencies, including Ethereum (ETH), Wrapped Bitcoin (WBTC), and Avalanche (AVAX). However, through such aggressive acquisitions, WLFI has encountered a net floating loss of approximately $109 million.
WLFI's Successful Token Sale and Market Impact
Aside from substantial acquisitions, WLFI successfully raised $550 million through its token sale last Monday. The sale attracted over 85,000 KYC-verified participants, making it one of the most significant crypto fundraisers in recent history. This event reflects growing investor confidence in WLFI's long-term vision. The project's focus on community engagement, transparency, and scalability has garnered considerable attention from both institutional and retail investors.
Political Influence on Crypto Policy
WLFI is among several crypto ventures linked to the Trump family, aligning with the administration's pro-crypto stance. Recently, President Trump signed an executive order establishing a Strategic Bitcoin Reserve, which hints at the potential for the US to purchase Bitcoin with its gold reserves. The Bitcoin Act of 2025 supports this initiative for economic stability. Additionally, the International Monetary Fund acknowledged Bitcoin as digital gold.
WLFI's investments and political backing of cryptocurrencies, such as the initiative to establish a Bitcoin reserve, continue to have a significant impact on the market.
