SUI Rallies 10% After Securing Deal With Trump Finance Arm

Share This Post

World Liberty Financial (WLFI), a DeFi group linked to US President Donald Trump, has added Sui (SUI) to its strategic reserves. The move is part of WLFI’s strategy to develop a broad portfolio that supports blockchain-based financial solutions.

Sui Joins Other Major Crypto Assets

Since its introduction in September 2024, WLFI has established a strong influence in the cryptocurrency space. Wrapped Bitcoin (wBTC) and Ethereum (ETH) are already in its reserve, and Sui is the latest addition.

Donald Trump Jr. and Eric Trump, Web3 ambassadors, lead the initiative. Barron Trump, the president’s youngest son, is also participating and referred to as a “DeFi visionary.” Their objective is to promote stablecoins and other decentralized financial technologies.

Why WLFI Chose Sui?

Sui, developed by Mysten Labs, is recognized for its fast transactions and ability to scale effectively. It was built to support a large number of users while remaining cost-effective, making it an excellent choice for financial applications.

The fact that WLFI added SUI to its stockpile shows that it has faith in the future of blockchain technology. The group is dedicated to keeping a wide range of digital assets and supporting important Web3 projects.

In his role as WLFI’s Web3 Ambassador, Eric Trump was genuinely excited about the alliance. He said that the blockchain’s roots in American innovation and the company’s ability to grow were two things that stood out to him.

Co-founder and CEO of Mysten Labs—the company behind Sui—Evan Cheng was hopeful about how the alliance would transform asset preservation and usage worldwide.

He said everyone shared the same objective: giving individuals back control over their financial resources and digital presence.


Market Reactions

Meanwhile, the news of the partnership announcement gave the token some boost, rising 10% in the last 24 hours, data from Coingecko shows. The collaboration was praised by investors who saw it as a major endorsement of the blockchain’s technology and importance in WLFI initiatives.

This agreement enhances Sui’s position in the DeFi market. As a relatively new project, WLFI benefits from aligning with a strong blockchain like Sui, helping to strengthen its market presence.

Next Steps For WLFI And Sui

WLFI and Sui are expected to continue collaborating on blockchain-based financial solutions. While specific plans have not been disclosed, the addition of Sui to WLFI’s reserves suggests a deeper partnership in the future.

Featured image from Pexels, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

France central bank governor says Trump is “sowing the seeds of future upheavals” by supporting crypto

Francois Villeroy de Galhau, the governor of Banque de France and the European Central Bank Governing Council’s member, believes US president Donald Trump is making a huge mistake by supporting

640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them However, volatility and uncertainty have dominated the market

To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment

A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading

Bitcoin Faces Short-Term Distribution – Analyst Explains Why Bull Market Remains Intact

After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K Bulls now face a critical test, as they must push BTC above $90K

Bitcoin Spot ETF Exodus Continues: $900 Million Outflows Extend Losing Streak

Following the last trading window, the US Bitcoin Spot ETFs have recorded another week of overwhelming net outflows with investors pulling over $900 million from the market This development marks the

US Spot Bitcoin ETFs Lost 55,348 BTC Worth $4.58B in Just 35 Days

According to the latest data, US spot bitcoin exchange-traded funds (ETFs) have trimmed their holdings by 476% since Feb 6, 2025 From Jan 1 to Feb 6, these funds added roughly 56,80286 BTC to their