Trump denies knowledge of $500 mln WLFI deal: ‘My family is handling it’

AMBCrypto previously reported that WLFI had sold a 49% stake to UAE-based Aryam Investment in a deal reportedly valued at $500 million.

The agreement was signed just days before President Donald Trump’s second inauguration, when WLFI had yet to launch any live products.

Despite the size of the transaction, Aryam is not believed to hold any governance or token-related rights tied to WLFI.

Aryam Investment is backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security advisor and brother of the country’s president.

Sheikh Tahnoon also chairs MGX and G42, two major firms focused on artificial intelligence.

Earlier this year, MGX invested $2 billion in Binance using WLFI’s USD1 stablecoin without disclosing its indirect exposure to WLFI.

Is the uncertainty affecting price?

Keeping in line with the buzz of the past week, prices are trending lower on the daily chart. WLFI recorded a drop of over 20% from its recent local highs, briefly slipping toward the $0.13 level before attempting a weak consolidation.

Selling pressure remained dominant through most sessions, with red candles clustering toward the end of January.

Source: TradingView

RSI was close to oversold territory, so bearish sentiment was firmly in control. While minor buying interest emerged near the lows, the token was yet to show signs of a decisive rebound.

Near-term price action is still shaky.

Final Thoughts

• Trump’s denial has done little to calm concerns; the 49% stake sale is still raising questions.
• Until ownership clarity improves, it looks like the market is pricing in uncertainty.