The transaction, verified through a blockchain screenshot, marks the latest move in WLFI’s aggressive investment strategy, which has seen the firm allocate $343 million across 11 cryptocurrencies, including Ethereum and Chainlink.

The $EOS purchase comes amid growing scrutiny of WLFI’s operations. On April 29, 2025, The New York Times revealed that WLFI had pitched secretive multimillion-dollar endorsement deals to startups, a practice some executives deemed unethical. Jeff Hauser, an expert on political transparency, noted that crypto ventures like WLFI often have low setup costs, raising concerns about their profit motives. “These projects can be a facade for influence peddling,” Hauser said.

$EOS, a Layer 1 blockchain known for its high performance and low-latency transactions, was trading at $0.7849 on May 16, 2025, down 2.64% in the past 24 hours, according to CoinMarketCap. Despite the investment, the token’s market cap stood at $1.23 billion, ranking it 69th globally.

The purchase through PancakeSwap, a decentralized exchange on BSC, highlights WLFI’s use of DeFi platforms to execute its trades.

WLFI’s broader strategy has been under the microscope since its $343 million investment portfolio was disclosed earlier this year. The firm’s holdings include tokens like Wrapped Bitcoin and Avalanche, but its ties to Trump—who owns 22.5 billion $WLFI tokens—have sparked questions about the intersection of politics and cryptocurrency.

Critics argue that such ventures could exploit political influence for financial gain, especially as Trump’s post-presidency ventures expand.

The $EOS purchase may signal WLFI’s confidence in the token’s long-term potential, but it also underscores the challenges of transparency in the crypto space. As regulatory scrutiny of digital assets intensifies, experts say WLFI’s actions could set a precedent for how politically connected entities navigate the market. For now, the firm’s next steps—and their impact on $EOS—remain uncertain.