WLFI Token Sale, Backed by Trump, Falls Short of $300M Goal, Raising $12.72M So Far
The WLFI token sale, endorsed by Donald Trump, launched with a target of $300 million but has only garnered $12.72 million (4.43%) so far. Priced at $0.015 per token, most buyers have invested less than $1,000, and there are currently over 11,549 token holders.
World Liberty Financial (WLFI), a new DeFi initiative supported by Donald Trump and his family, began its token presale yesterday. Despite setting a goal to raise $300 million by offering 20 billion tokens, only about $12.72 million has been raised so far, equating to 848.06 million tokens sold, or just 4.43% of the target.
The sale, which started at 12:40 UTC, encountered major technical issues, causing the platform to crash for a few hours. This disruption made it difficult for potential buyers to access the platform, but the issues were later resolved, allowing around 3,000 unique wallets to participate within hours.
World Liberty Financial (WLFI) Holders Overview (Source: Etherscan) :
At present, the WLFI tokens are priced at $0.015, with most buyers spending less than $1,000 on average. The largest purchase came from a single wallet (0x2d2419e6252729121C70285b045da2557128A131), which used 351.3 ETH (approximately $903K) to buy 60.43 million WLFI tokens. Etherscan data shows that WLFI has over 11,602 holders, a 14.36% increase in the past 24 hours.
WLFI Token’s Role in the 2024 Presidential Race:
The launch of WLFI marks the first instance of a U.S. presidential candidate directly linking a cryptocurrency to their campaign. Built as an ERC-20 token on the Ethereum network, WLFI serves as a governance token for DeFi activities, enabling users to engage in borrowing, lending, and liquidity pool creation on the platform. Out of a total supply of 100 billion tokens, 30% (worth $300 million) has been reserved for public sale, while the remaining 70% will be allocated to insiders and DeFi partnerships.
Notably, all WLFI tokens owned by Trump are non-transferable and will remain locked indefinitely in a wallet or smart contract, preventing them from being traded or sold on other platforms. This restriction has deterred some investors who prefer the option to sell.
The presale comes just three weeks before the 2024 U.S. presidential election. Despite years of skepticism towards cryptocurrency, Trump has recently expressed support for Bitcoin in various speeches.
As of October 17, Trump is leading the race for the November elections. According to Polymarket, a crypto-based prediction platform, Trump holds a 59.5% lead, with Kamala Harris trailing at 40.3% among crypto bettors.
