tl;dr
World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump, has experienced a surge in demand for its token pre-sale. Originally aiming to raise $300 million, it reduced its target to $30 million due to fundraising challenges. However, it successfully sold 20% of its token supply d...
World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump, has experienced a surge in demand for its token pre-sale. Originally aiming to raise $300 million, it reduced its target to $30 million due to fundraising challenges. However, it successfully sold 20% of its token supply during the pre-sale and has unlocked an additional 5% for sale due to high demand. Market observers attribute this to Trump's launch of an "official meme coin" on the Solana blockchain, boosting confidence in his crypto-positive outlook.
Justin Sun, founder of the Tron blockchain, has invested $75 million in WLFI. The project has also made significant Ethereum purchases and acquired Ethereum Name Service domains related to the Trump family. Donald Trump Jr., an advisor to the project, expressed optimism about its future in revolutionizing DeFi/Cefi and finance.
World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump, is seeing a sudden surge in demand for its token pre-sale. The project initially sought to raise $300 million during its token sale but scaled back its target to $30 million after facing fundraising challenges. However, on Jan. 20, WLFI confirmed that it successfully sold 20% of its total token supply during its pre-sale phase and revealed plans to unlock an additional 5% of the tokens for sale due to the overwhelming demand. It stated: "Great news! An additional 5% of our token supply is now available to purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community!" The project advised interested buyers to “only purchase using the link in our bio to avoid scams.”
Market observers have linked the sudden heightened interest to Trump’s launch of an “official meme coin” on the Solana blockchain during the weekend. This bolstered confidence in the President-elect’s crypto-positive outlook, with many viewing his influence as a catalyst for growth in the blockchain industry. Meanwhile, WLFI’s sell-out marks a complete turnaround for a project that had previously struggled in its fundraising efforts. Since Trump’s political win in November, WLFI has experienced remarkable growth, with its token profits increasing by 95% to $300 million, according to Dune Analytics data.
Notably, one of the many believers in the token is Justin Sun, founder of the Tron blockchain. On Jan. 20, he revealed that he invested an additional $45 million in the DeFi platform, following his earlier contribution of $30 million. This brings Tron’s total backing of the project to $75 million. Blockchain analytics platform Nansen revealed that Sun acquired 1 billion WLFI tokens for $15 million in USDT, solidifying TronDAO as the largest independent token holder. According to EtherScan data, TronDAO owns 3 billion tokens out of WLFI’s total supply of 100 billion, surpassing over 34,000 other holders.
World Liberty Financial’s recent actions have sparked curiosity within the crypto community about the project’s next move. On Jan. 19, the blockchain analysis platform SpotOnChain reported that the platform made a significant Ethereum purchase, acquiring $20 million worth of ETH in just 20 minutes using $5 million worth of USDC and $15 million USDT. With this purchase, World Liberty Financial owns over 46,000 ETH worth $157 million.
In addition, WLFI has reportedly purchased three Ethereum Name Service (ENS) domains—trumpcoin.eth, erictrump.eth, and barrontrump.eth—for key members of the Trump family. This move suggests the project’s intention to create a stronger digital presence tied to its prominent figures. Amid all of these activities, Donald Trump Jr., an advisor to the project, stated: “World Liberty Financial will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started!”