DWF Labs, a well-known crypto market maker and investment firm, has reportedly acquired approximately $25 million worth of WLFI tokens from the DeFi project World Liberty Financial.
DWF Labs, a well-known crypto market maker and investment firm, has reportedly acquired approximately $25 million worth of WLFI tokens from the DeFi project World Liberty Financial, which is backed by U.S. President Donald Trump and his family.
This investment entails the purchase of nearly 250 million WLFI tokens, a transaction that occurred while the tokens remain in their early phase and are not yet available on secondary markets.
According to on-chain analyst Ai 姨, DWF Labs subscribed to the WLFI tokens at a rate of $0.1 each. This price point represents a 6.67x increase from the token's initial subscription rates in previous rounds, which were set at $0.015 and $0.05.
The transaction details indicate that DWF Labs transferred 25 million USDC to a multisig address controlled by World Liberty Fi just four days before receiving the tokens, totaling 249.99 million WLFI tokens.
This investment marks a notable development for World Liberty Fi as it establishes a new price benchmark for WLFI ahead of its anticipated market launch. The move also reflects a potential strategic partnership between DWF Labs and World Liberty Fi in a continuously evolving cryptocurrency landscape.
The investment underlines the growing interest in DeFi projects and their potential for high returns as investors navigate the complexities of the market.
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