Cryptopolitan
2025-05-22 17:15:29

World Liberty Fi buys a cabal-owned meme token

World Liberty Fi continued with a streak of surprising crypto purchases. The most recent addition to the portfolio is a relatively new meme token by the BUILDon team. Trump’s fund World Liberty Fi bought a relatively unknown token, BUILDon (B), making another surprising addition to its portfolio. The fund explained its decision as a sign of support for the team. We just bought some $B to support the BUILDon team. Love seeing projects choose $USD1 as their base pair — faster settlement, deeper liquidity, and growing every day. We hope to see more tokens make the switch. — WLFI (@worldlibertyfi) May 21, 2025 Previously, World Liberty Fi acquired tokens like Movement (MOVE) and Ondo Finance (ONDO) to show support for the technology. Later, the tokens were liquidated, some at a loss. Recently, Trump’s fund also acquired EOS (Vaulta) tokens just before the asset swap. BUILDon is a relatively new project selected for its efforts to promote the usage of USD1 , the native stablecoin of World Liberty Fi. The B token uses the Binance Smart Chain and will work toward wider adoption for USD1. Did World Liberty Fi choose a cabal token? On-chain data shows that BUILDon has insider traders. BubbleMaps shows the token is split among small-scale addresses, but there is a cluster of connected wallets. World Liberty Fi bought a token that displays a cluster of connected wallets, holding up to 20% of the supply. | Source: Bubblemaps While each wallet holds around 0.37% of the supply, together, the cluster controls up to 20% of all B tokens. There is no data to show the team is a part of the connected wallet cluster. World Liberty Fi also did not specify its intentions to hold B for the long term. World Liberty Fi only holds around 696K B tokens, valued at around $142,000. Based on public wallet data, this is the second-biggest holding on BNB Smart Chain. This time, the token allocation was relatively small after the fund injected millions into other assets. The involvement of Trump’s fund also preceded one of the recent breakouts for the token, increasing the suspicions of insider arrangements. This time, meme holdings were relatively small but still raised memories of insider trading for MELANIA. Just days ago, World Liberty Fi denied launching its own meme token. The fund was also busy divesting older holdings from its portfolio. Whale extracts $1M from B The involvement of World Liberty Fi raised the trading volumes of BUILDon and allowed whale traders to lock in gains. The token was liquid enough so the top trader could engage in high-frequency buying and selling, realizing $1M in gains. What raised more red flags about B was also the fact that top traders had a very similar strategy of buying around $1.8M B tokens, then selling around $2.7M, achieving similar net gains. Whales trading B tokens showed a surprisingly similar trading strategy. | Source: DexScreener The odd coincidences among at least the top 20 traders did not look like organic token activity. The similar investments and selling suggested there may be a concerted extraction of value from the token’s liquidity pool. B launched on May 16 at $0.004, taking just a week to rally to a peak of $0.30. After the initial hype, volumes dropped off again. The sudden outflow of activity also suggested some of the B trading may not be organic. The meme token is one of the few to trade in a pair against USD1, with $2.5M in locked liquidity. KEY Difference Wire helps crypto brands break through and dominate headlines fast

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