Donald Trump's Crypto Project World Liberty Financial Slashes Fundraising Goal From $300M to $30M

Following underwhelming demand for its WLFI token, World Liberty Financial will end token sales once it reaches the revised $30 million target, a significant reduction from the original goal.

Trump's crypto venture slashes fundraising goal by 90% after underwhelming demand

Donald Trump's crypto project, World Liberty Financial, has drastically reduced its fundraising goal from $300 million to just $30 million, according to an SEC filing dated October 30.

The filing states that "the company currently only plans to sell tokens up to $30 million in the offering before terminating sale."

World Liberty Financial will conclude its token sales once it reaches the revised $30 million target, a significant reduction from the initial goal of $300 million.

The project's wallet has gathered over $14 million in crypto investments since launching in mid-October, but initial momentum quickly waned.

Despite the venture's high-profile launch, which even caused the project's website to crash on launch day, demand for the WLFI token has rapidly declined.

The WLFI token, designed as a governance token, currently holds little value for investors as the protocol it is intended to govern is not yet operational.

There is no clear mechanism for the token to accrue value, and the fundamentals of World Liberty Financial are reportedly causing concern among investors.

Trump's company, DT Marks DEFI LLC, is set to receive 22.5 billion WLFI tokens, valued at over $330 million based on the public sale price.

The company has sold nearly 1 billion of its available 20 billion WLFI tokens at a $1.5 billion valuation, but these tokens are frozen, preventing any secondary market trading.