Sui Token Surges Following Strategic Deal With World Liberty Financial

According to CoinDesk, the native token of Sui (SUI) experienced a significant surge on Thursday following the announcement of a strategic reserve deal with World Liberty Financial (WLFI), a decentralized finance protocol associated with U.S. President Donald Trump. This agreement involves WLFI incorporating Sui assets into its cryptocurrency holdings, and both entities are set to explore potential product development opportunities. The SUI token saw an increase of up to 10%, reaching nearly $3, before slightly retracting. Despite this, it maintained a 13% rise over the past 24 hours, making it the top-performing asset in the CoinDesk 20 Index, which tracks the broad market. Zak Folkman, co-founder of World Liberty Financial, expressed enthusiasm about the collaboration, stating, "We chose Sui for its American-born innovation combined with impressive scale and adoption. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision." World Liberty Financial has already amassed a diverse range of digital assets in its strategic token reserve. This includes wrapped bitcoin, ether (ETH), Tron's TRX, Chainlink's LINK, as well as MOVE and ONDO tokens. The partnership with Sui is expected to further enhance WLFI's portfolio and contribute to the growth and development of decentralized finance solutions.