Anonymous Address Purchases $10M WLF Tokens

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An anonymous address (0x848) has acquired $10M in US president Donald Trump’s DeFi project, World Liberty Finance’s presale. The purchase comes after another $10M purchase just three days earlier, making the buyer the second largest investor in the World Liberty Finance presale, just behind Justin Sun with his $45M invested two months ago.

The discrepancy in price between funding rounds is standard in crypto presales, but it typically comes with "vesting" strings attached. To protect the project from an immediate sell-off, early investors who buy at a discount are usually subject to a lock-up period. This ensures they cannot dump their cheaper tokens on the open market immediately after the token launches, forcing them to remain invested in the project’s long-term success rather than just flipping for a quick profit.

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It should be noted however, that Justin Sun’s purchase occurred in the first phase of the WLFI token sale, at the sale price of $0.015 per token, while the most recent purchases are occurring at $0.05 per token, 3.33x higher.

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The WLFI token presale had been open since October 2024, but failed to see any significant traction until the success of the official TRUMP memecoin, which saw the memecoin rocket to a peak valuation of 73B. The memecoin drew attention to the WLFI token sale, perhaps as a proxy bet on the Trump presidency, resulting in the completion of their initially planned sale of 20% of the token supply.

The phenomenon of the "proxy bet" is common in narrative-driven markets. When traders cannot directly wager on an outcome—such as a presidential election—on a traditional exchange, they often flock to assets that are culturally or thematically linked to that event. In this case, the memecoin served as a liquid instrument for speculators to express their view on Trump’s political momentum, indirectly driving capital and attention toward his associated fundamental project, World Liberty Finance.