Not a day seems to go by without Trump doing something that either rattles or raises the crypto markets.

Today is no different.

We’re hearing some interesting defense from World Liberty Financial (WLF) about their recent market activity, claiming that they didn’t do anything unusual that might make the market queasy.

But as always, you get to be the judge of that. 

The Token Swap Saga

Blockworks dropped a bombshell of an allegation, saying that WLF has allegedly been sliding into projects' DMs with an offer they (apparently) could refuse.

The deal is simple – the project buys $10M of their WLFI tokens (with a simple 10% fee), and they'll buy your tokens in return.

They’re even offering priority seats at the table for a cool $15M, how nice of them.

Nothing says "totally legit, trust me bro," like pay-to-play tokenomics.

WLF’s War Chest

WLF is actually sitting on a pretty thicc portfolio, with $181M in ETH, $56M in WBT,C $10M in TRX (hello, Justin Sun,) and some pocket change in AAVE and LINK

They're even one of Ethereum's biggest validators. 

Talk about a big flex for a recent market entrant.

But don’t worry, just holding TRX doesn’t preclude Justin Sun’s involvement in the project… until it does. 

The Justin Sun Plot Twist

Speaking of Sun, he's got $75M in this game and an "advisor" role.

And wouldn't you know it – WLF is buying up Tron-ecosystem tokens like they're going out of style.

Pure coincidence, we’re sure.

But Sun isn’t one to shy away from a deal or some good old fashioned “market making” – and when the president of the United States is involved, we can only imagine that makes it all the more juicy for him. 

The Trump Card

The structure here is interesting. 

A Trump-linked LLC gets 60% equity and 75% of fees, which sort of makes the "decentralized finance" aspect of this play sound pretty... centralized.

Anthony Scaramucci is unimpressed by the move, calling it a "scammy grift."

Mark Cuban doesn’t seem very impressed either, but he’s also the guy who got heated for losing his shirt on a project last cycle.

Meanwhile, Melania is out here following in her husband’s footsteps and dropping her own token on Solana because... well, she sort of has presidential protections now. 

Not An issue, Apparently 

Despite the FUD, WLFI raised $1.1B by January 2025.

But with phishing scams popping up and regulatory eyes watching, it's getting spicy.

How long can Trump’s project dance this jig around regulators before someone calls time and decides to give them a score on their performance? 

WLF is either the most ambitious “DeFi” project of 2025 or the most elaborate political crypto play we've seen.

They've got the cash ($373M ain't small change), the connections (hello, Mr. President), and enough drama to fill a Netflix series.

Stay tuned, anon. Season one of this show is just getting started.