The SUP (SUI) native token jumped on the news Thursday that the decentralized financing protocol affiliated with Trump Liberty Financial (WLFI) made a “strategic reserve” with the layer 1 blockchain project.
The agreement includes WLFI adding assets to its cryptographic participation, said the ad. The two projects will also explore “product development opportunities”.
Suis jumped up to 10% at almost $ 3 before making earnings. It was still up around 13% in the last 24 hours, being the most efficient asset of the Coindesk 20 index of the large market.
“We have chosen SUP for its innovation of American origin combined on an impressive scale and adoption,” said Zak Folkman, co-founder of World Liberty Financial. “Given our plans to support fundamentals’ assets in the coming months, collaboration with Suit was an obvious decision.”
World Liberty Financial has already accumulated various digital assets in its “Strategic tokens Reserve”, notably Bitcoin wrapped in Bitcoin, Ether (ETH), Tron Trx, ChainLink’s Link as well as Move and Ondo tokens.
