The latest report revealed that one of Donald Trump’s ventures has slashed its stake in his decentralized finance protocol and cryptocurrency company, World Liberty Financial (WLFI), cutting down from 60% to 40% in the last 11 days.
Why Trump’s Family is Reducing WLFI Stake
Since its launch last September, the project has raked in over $550 million from token sales, with a recent stablecoin initiative backed by a $2 billion investment from the UAE. Some popular crypto leaders have also joined this project.
For example, Justin Sun, founder of the TRON blockchain, injected a crucial $30 million investment, which also made him one of the key advisors.
The analysis report from its official website shocked the WLFI community, sparking discussion in the community about the cause behind this move. Also, the timing raises questions.
The stake reduction follows a pattern of opaque financial maneuvers, which includes the abrupt renaming of shell companies and the silent transfer of ownership shares to Trump’s family.
In January, as Trump’s token sales surged past $200 million in just 29 hours, DT Market DEFI LLC’s stake in World Liberty dropped from 75% to 60%.
Now, weeks after Circle’s blockbuster IPO, the family has further diluted its holding. It nets $190 million, with Trump personally pocketing an estimated $135 million.
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