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SUI Surges on Trump-Affiliated World Liberty Financial Reserve Asset Deal
The DeFi protocol will add Sui assets to its token reserve and explore product development opportunities.
Updated Mar 6, 2025, 5:14 p.m. Published Mar 6, 2025, 2:49 p.m.
What to know:
- The native token of Sui (SUI), a layer-1 blockchain, saw a surge after a strategic reserve deal with World Liberty Financial (WLFI), a Trump-affiliated decentralized finance protocol.
- The deal includes WLFI adding Sui assets to its crypto holdings and exploring product development opportunities.
- World Liberty Financial has already accumulated various digital assets in its strategic token reserve, including wrapped bitcoin, ether (ETH), Tron's TRX, Chainlink's LINK as well as MOVE and ONDO tokens.
The native token of surged on Thursday on news that Trump-affiliated decentralized finance protocol stroke a "strategic reserve deal" with the layer-1 blockchain project.
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The agreement includes WLFI adding Sui assets to its crypto holdings, the announcement said. The two projects will also explore "product development opportunities."
SUI jumped as much as 10% to near $3 before paring gains. Still it was up about 13% in the past 24 hours, being the best-performing asset in the broad-market CoinDesk 20 Index.
"We chose Sui for its American-born innovation combined with impressive scale and adoption," said Zak Folkman, co-founder of World Liberty Financial. “Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision."
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World Liberty Financial has already accumulated various digital assets in its "strategic token reserve," including wrapped bitcoin, ether , Tron's TRX, Chainlink's LINK as well as MOVE and ONDO tokens.
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