World Liberty Financial’s controversial $3 million purchase of EOS

World Liberty Financial (WLFI) bought 3 million USD EOS tokens last night, surprising and raising suspicions in the community. The EOS price has increased by over 9% since this transaction occurred.

Some observers compared this to the recent allegations of World Liberty selling ETH at its lowest price in three months. However, despite today's seemingly strange transaction, there is no evidence of misconduct or insider trading.

Why did WLFI buy so many EOS?

President Trump and his family are involved in multiple cryptocurrency projects, but World Liberty Financial has particularly become the focus of political controversy.

The company has invested in multiple tokens, but faced unrealized losses of over 100 million USD in March. Lookonchain discovered WLFI's large EOS purchase, creating a small event:

Immediately, the community reacted with strong skepticism. Many even suggested market manipulation. To be fair, the project is not entirely dead. EOS, a Web3 banking network, recently reached a high after rebranding in March.

However, it seems very strange for WLFI to spend so much on EOS when its best years have passed. The token's value was at floor prices between 2 to 4 USD during 2020 and 2021, excluding sudden spikes. In contrast, it has spent most of the past 12 months below 50 cents.

Some observers even linked WLFI's EOS investment to a recent Ethereum incident. Earlier this year, World Liberty bought large amounts of ETH at $3,259 per token.

A few months later, blockchain data showed they liquidated most of their reserves at $1,465, losing over 125 million USD.

For its part, WLFI completely denied selling ETH. In any case, Ethereum recovered shortly after, and the alleged transactions occurred exactly at the lowest price in three months.

Since WLFI made this transaction, EOS has increased by over 9%. It's difficult to say exactly what is happening here. World Liberty Financial's business activities have created significant controversy, but there is still no specific evidence of misconduct.

The community will certainly continue to follow this story for updates.