Sui Rallies 10% Following Partnership with World Liberty Financial

World Liberty Financial (WLFI), associated with US President Donald Trump, has added Sui (SUI) to its strategic reserves. This addition is part of WLFI's strategy to diversify its portfolio supporting blockchain financial solutions.

Sui Added to Major Crypto Assets

Since launching in September 2024, WLFI has gained influence in the crypto sector, now including Wrapped Bitcoin (wBTC), Ethereum (ETH), and Sui in its reserves.

Donald Trump Jr., Eric Trump, and Barron Trump are leading the initiative to promote stablecoins and decentralized financial technologies.

Reasons for Choosing Sui

Sui, developed by Mysten Labs, offers fast, scalable transactions.
The inclusion of Sui reflects WLFI's confidence in blockchain technology.
WLFI aims to support a variety of digital assets and Web3 projects.

Eric Trump expressed enthusiasm about the partnership, highlighting American innovation and growth potential in blockchain.

Evan Cheng, CEO of Mysten Labs, noted the shared goal of empowering individuals over their financial resources and digital presence.

Market Reactions

The partnership announcement led to a 10% rise in Sui's token value within 24 hours, indicating strong investor support and recognition of Sui's technology.

Future Plans

WLFI and Sui plan to collaborate further on blockchain-based financial solutions, suggesting a deeper partnership ahead.