Sui Rallies as World Liberty Financial Announces Strategic Reserve Deal
The decentralized finance (DeFi) protocol World Liberty Financial (WLFI), which has ties to former U.S. President Donald Trump, has struck a strategic reserve agreement with the Sui blockchain, fueling a surge in SUI’s price on Thursday.
As part of the deal, WLFI will add Sui-based assets to its token reserves and collaborate with the layer-1 blockchain on future product development initiatives, according to an official announcement.
Following the news, SUI jumped as much as 10%, briefly approaching $3 before pulling back. Despite the retracement, it remained up 13% over the past 24 hours, outperforming the broader market and ranking as the top gainer in the CoinDesk 20 Index.
“We selected Sui for its U.S.-driven innovation and remarkable scalability,” said Zak Folkman, co-founder of World Liberty Financial. “With our focus on supporting key DeFi assets in the months ahead, partnering with Sui was a clear and strategic choice.”
WLFI has been actively expanding its “strategic token reserve,” which already includes wrapped bitcoin (WBTC), ether (ETH), Tron’s TRX, Chainlink’s LINK, as well as MOVE and ONDO tokens.
