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Reading: Trump’s WLFI bags $1B, but skeptics ask – Where’s the utility?
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CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > Trump’s WLFI bags $1B, but skeptics ask – Where’s the utility?
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Trump’s WLFI bags $1B, but skeptics ask – Where’s the utility?

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Last updated: April 29, 2025 9:55 pm
CoinRSS Published April 29, 2025
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Contents
Big money, bigger questionsWLFi goes globalIs Trump crypto’s new kingmaker?
  • Trump-backed WLFI stirs buzz with $1B raised, big-name allies, and global DeFi ambitions.
  • Despite hype, token remains non-tradable — questions linger around timeline, utility, and political influence.

Fresh off high-level talks with Binance founder Changpeng Zhao, Trump-backed WLFi execs are now prepping to launch their own cryptocurrency.

It’s a bold move that blurs the already fading lines between politics, media, and cryptocurrency — and crypto Twitter, true to form, is already at it.

Big money, bigger questions

World Liberty Financial’s WLFI token has exploded onto the DeFi scene, with over $1 billion reportedly raised — and the hype machine is in full swing.

With endorsements from crypto heavyweights like Justin Sun ($75M) and DWF Labs ($25M), and backing from none other than the first family, the project is being hailed by some as DeFi’s next “giant.”

Still, for all the buzz, plenty of questions remain unanswered. One user referenced fears of capital drain with little immediate utility, warning,

“Dude is going to suck all the liquidity again.”

Another questioned the narrative entirely, stating,

“This sounds big, but I’m a bit skeptical – others are saying $WLFI has been out for months, and the sale is already done on their site.”

WLFi goes global

WLFI is out there, building influence.

On the 27th of April, the firm’s top executives met with Binance co-founder CZ in Abu Dhabi to explore global crypto adoption strategies and potential standards-setting efforts.

Though no deals were confirmed, the meeting puts the spotlight on WLFI’s ambition to play a larger role in shaping DeFi’s future.

wlfiwlfi

Source: X

That same day, WLFI signed a letter of intent with the Pakistan Crypto Council, aiming to promote blockchain integration and stablecoin use in one of the world’s fastest-growing crypto markets.

With 25 million users and $300B in annual transactions, Pakistan marks a strategic expansion target.

Institutional interest is also heating up — DWF Labs recently acquired $25M in $WLFI, further validating the firm’s US-led DeFi push.

Is Trump crypto’s new kingmaker?

WLFi’s momentum is not just a story of capital or clever marketing — it’s a case study in the weaponization of political celebrity.

Donald Trump’s backing has taken WLFi from niche project to headline-maker, putting it squarely on the radar — even for crypto veterans. It’s a new kind of influence: political clout acting like an alpha signal.

In a space that prides itself on decentralization and grassroots innovation, WLFi’s rise is mixing things up by adding brand power and big names into the equation.

Whether Trump’s role is just for show or something more hands-on, his involvement gives WLFi credibility in the U.S. and sparks curiosity overseas.

But the real question is this: if memecoins blew up thanks to culture, can a token tied to political power do the same?

WLFi could be the first real test.

Previous: Ethereum Foundation revamps leadership with ‘twin goals’ – More inside
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