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World Liberty Financial, backed by Trump, has partnered with Sui, with the intention of adding the token to the Strategic Reserve. WLFI and Sui plan to collaborate on developing new opportunities, which has led to a 15% increase in Sui's value.
The World Liberty Foundation is a Trump-affiliated project, but is completely independent of the US government. Although the name might remind one of the US crypto reserve, there is no direct connection between the two.
WLFI will include Sui in its strategy
According to Total Blocked Value (TVL), Sui is the ninth largest blockchain platform designed as a robust Proof-of-Stake network. After a positive trend in 2024, the token began a downward phase in January.
In January, Sui reached its all-time high, but has since lost 50 per cent of its value. However, the announcement of the partnership with the Trump-affiliated World Liberty Foundation has rekindled enthusiasm in the cryptocurrency sector, with experts seeing renewed bullish momentum for the token.
Christian Thompson, CEO of Sui, shared the news on X (formerly Twitter):
X
The strategic partnership will focus on key elements. For example, WLFI will add the token to its portfolio as part of the Macro Strategy token pool. This is just one of many steps to broaden the integration, contributing to the bullish trend of Sui, which has led to a 15% increase.
There has also been some confusion in the crypto sector. WLFI is a Trump-backed project, and Sui used the words 'Strategic Reserve' in the headlines. However, it is important to clarify that this partnership is not related to the plans for the Crypto Reserve recently announced by Trump.
It is worth noting that a future collaboration is not entirely unlikely. Trump plans to include US-backed crypto projects in the federal reserve, and Sui has the potential to join this list. However, the decision is not up to WLFI. If the two companies build a solid relationship, Sui could gain a reputation in Trump's circle, increasing its chances of being considered.
Either way, the partnership between WLFI and Sui has no ties to federal agencies, and investors should keep this in mind. Currently, WLFI operates with 20 different currencies, including Ethereum, USDT, TRX and others, with Sui as a new addition to the list.
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