SUI Rallies as Trump-Linked WLFI Adds It to Strategic Crypto Reserve
Sui’s native token (SUI) surged Thursday following an announcement that World Liberty Financial (WLFI), a decentralized finance (DeFi) project affiliated with former U.S. President Donald Trump, has included Sui assets in its strategic reserve.
As part of the agreement, WLFI will not only hold Sui tokens but also explore future collaborations with the blockchain network on DeFi product development.
Following the news, SUI spiked 10% to nearly $3 before slightly retreating, but it remained the top performer in the CoinDesk 20 Index with a 13% daily gain.
“Sui represents the type of scalable and innovative blockchain technology we aim to support,” said WLFI co-founder Zak Folkman. “Our initiative focuses on backing assets that align with our vision for a decentralized financial ecosystem.”
WLFI has been actively growing its reserve, which already includes WBTC, ETH, TRX, LINK, MOVE, and ONDO, solidifying its role as a key player in the crypto market.
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