World Liberty Financial, a DeFi Platform Backed by Donald Trump, Raises $300M in WLFI Token Sale

YEREVAN (CoinChapter.com) —  World Liberty Financial, a decentralized finance (DeFi) platform backed by Donald Trump, sold 20% of its WLFI token supply during its initial sale.

World Liberty Financial, a decentralized finance (DeFi) platform backed by Donald Trump, has sold 20% of its WLFI token supply during its initial sale, raising $300 million in total. Now, the platform is set to release an additional 5 billion tokens for sale, priced at 5 cents each, in a move that will increase the token’s price by 230% compared to the presale price.

The WLFI tokens will serve as governance tokens for World Liberty Financial’s decentralized trading platform, giving holders the right to vote on community proposals. However, the tokens are non-transferable and cannot be sold. The original token sale, which started on Oct. 15, 2024, was only open to U.S.-accredited investors and non-U.S. citizens.

The platform was launched in September with the aim of selling 20 billion WLFI tokens, which is 20% of the total supply of 100 billion tokens. The decision to release an additional 5% of tokens was made due to what the project called “massive demand.”

Justin Sun’s Investment Grows

Tron founder Justin Sun has become a major backer of World Liberty Financial, initially investing $30 million in WLFI tokens in November 2024. On Jan. 19, Sun announced an additional $45 million investment, bringing his total commitment to $75 million.

World Liberty Financial has also partnered with TRUMP, a memecoin that is linked to Donald Trump. The memecoin has seen volatile trading, reaching a high of $73 before dropping to $41. This price movement occurred around the same time that Melania Trump launched her own memecoin. At the moment, TRUMP coin is trading at $60.3898.

With the tokens now priced at 5 cents, World Liberty Financial is aiming to accelerate the development of its decentralized trading platform.

Although the platform has not yet launched, the focus is on expanding the token’s role as a governance tool and meeting the expectations of its growing investor base.