Trump’s World Liberty Financial To Create Strategic SUI Reserve, SUI Price Surges
Highlights
- World Liberty Financial will include SUI in its reserve assets as part of its collaboration with the Sui network.
- The DeFi project's co-founder revealed they chose Sui for its American-born innovation.
- SUI price has surged on the back of this announcement.
Donald Trump’s World Liberty Financial (WLFI) has partnered with the Sui network to create a SUI Strategic Reserve. The DeFi project will also collaborate with the layer-1 blockchain on other development opportunities.
World Liberty Financial Partners With Sui To Create Strategic Reserve
In a blog post, Sui announced that it has collaborated with Trump’s World Liberty Financial. As part of the collaboration, WLFI plans to add SUI to its Strategic Reserve, a move to help boost leading projects. Commenting on this partnership, the DeFi project’s Web3 Ambassador stated they are excited to work with Sui and explore the innovative opportunities this collaboration presents.
World Liberty Financial’s co-founder Zak Folkman said,
We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision.
Evang Cheng, the original contributor to Sui, also commented on this collaboration. He said they are thrilled that the DeFi project has agreed to explore collaboration with the layer-1 network.
He further remarked that they believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets. According to him, both projects share a vision of a future where people take back control of their “finances, creations, and online agency,” and their collaboration will make this a reality faster.
This development comes just days after US President Donald Trump announced the US Strategic Reserve, including coins like Ethereum, Solana, XRP, and Cardano. Although the president didn’t mention SUI, there is the possibility of the altcoin being in the reserve as he added that the initiative would include other “valuable cryptocurrencies.”
SUI Price Surges
The SUI price has surged over 13% on the back of World Liberty Financial’s decision to create a Strategic SUI Reserve. This development undoubtedly provides a bullish outlook for the cryptocurrency.
Crypto analyst Captain Faibik stated that SUI is getting ready for a massive bullish rally. He added that a successful breakout could send the coin to a new all-time high (ATH) in the coming weeks. His accompanying chart showed that the SUI price could rally to as high as $5.7 as it targets a new ATH.
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