Sui Sees 15% Price Increase Following Collaboration with Trump-Linked World Liberty Financial
Sui and World Liberty Financial Forge Partnership
World Liberty Financial (WLFI) has announced its collaboration with Sui, incorporating its tokens into a newly formed strategic reserve. This development has resulted in a notable 15% surge in Sui's token value.
Although WLFI is connected to Donald Trump, it operates independently of the federal government. Investors are advised that, despite the similar nomenclature with Trump’s US Crypto Reserve, there is no direct affiliation.
WLFI to Include SUI in Its Strategic Portfolio
Sui is recognized as a proof-of-stake network and is currently positioned as the 9th largest blockchain by total value locked (TVL). Following a peak in late 2024, its token value began to decline in January.
After reaching an all-time high earlier this year, SUI faced a decrease of over 50%. The recent partnership with World Liberty Financial, however, has rekindled investor interest, driving a resurgence in its price.
“World Liberty Financial has selected Sui as its preferred American blockchain. The collaboration acknowledges Sui's vision for a fast, secure, and accessible blockchain for the future of finance,” stated Christian Thompson, Sui’s Managing Director.
This partnership includes WLFI integrating SUI tokens into its treasury as part of a broader initiative to explore new development opportunities. The positive news surrounding this announcement has significantly contributed to the 15% price increase of Sui.
It is important to note there may be some confusion in the crypto community due to WLFI's connection to Trump and the terminology of “Strategic Reserve” used in the press release. This collaboration is, however, separate from the recently unveiled US Crypto Reserve.
Nevertheless, future collaborations are not out of the question, especially if Trump seeks to incorporate “Made in USA” crypto projects into his reserve. Sui fits this criterion and could gain further recognition should WLFI build a strong partnership.
As of now, any direct involvement in the US Crypto Reserve is beyond WLFI’s capabilities. However, if a robust relationship is developed, it may enhance Sui's standing within influential circles.
For the time being, it's crucial for investors to recognize that WLFI's “Strategic Reserve” is entirely independent of government operations. Presently, WLFI manages a diverse portfolio boasting over 20 different cryptocurrencies, primarily comprising Ethereum, Wrapped Bitcoin, USDT, Tron’s TRX, and MOVE.