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Cryptocurrency News Articles

World Liberty Financial (WLFI) Wraps Up Its Token Sale Raising $550M

Mar 14, 2025 at 07:05 pm

World Liberty Financial (WLFI), the cryptocurrency project linked to President Donald Trump, has wrapped up its token sale with impressive final numbers.

World Liberty Financial (WLFI), the cryptocurrency project linked to President Donald Trump, has concluded its token sale with impressive final numbers.

The project set out to sell 20 billion tokens at a price of $0.25 each, aiming to raise $5 billion. While the project adjusted its token sale prices multiple times, it ultimately managed to raise an impressive sum of between $550 million and $590 million.

This places WLFI’s token sale among the top ten largest in history, an unexpected feat considering the project faced initial setbacks.

When WLFI launched its initial token offering in October 2024, expectations were high. The team set an ambitious goal of selling 1.8 billion tokens to raise $300 million.

Only approved investors who passed strict verification checks could participate in this offering. These restrictions limited the buyer pool to accredited investors with ERC-compatible wallets.

However, the first phase of the sale saw limited participation, leading to slow progress. By the time the first phase results were announced, only 766 million tokens had been sold at $0.015 each, generating just $11 million.

This forced the team to lower their goal to a more modest $30 million. At the same time, they announced a second phase of the sale with 5 billion tokens available at a higher price of $0.05 each.

This adjustment aimed to encourage more significant contributions from investors.

A turning point came in November 2024 when Justin Sun, founder of the Tron blockchain, invested $30 million in the project.

Sun’s involvement boosted interest in WLFI, leading to a substantial increase in token sales.

The first sale phase closed on January 20, having distributed 20% of the total supply. By this time, interest in the project had grown considerably thanks to Sun’s backing.

As a result, WLFI launched a second phase on January 20. This time they offered 5 billion tokens at a higher price of $0.05 each. The price increase did not deter buyers.

Fast forward to March 13, and nearly all of these additional tokens had sold.

This remarkable turnaround took the project from an $11 million disappointment to a $550+ million success story.

Justin Sun

"We’re incredibly grateful to Justin Sun for his instrumental role in driving the success of the project," said Zak Folkman, co-founder of WLFI, at Consensus 2025 in Hong Kong.

Folkman highlighted the challenges they faced with traditional crypto venture capitalists avoiding the token due to its political connections.

However, Sun saw past this and recognized the project’s significance for the broader crypto community.

"Justin saw this project as a monumental move forward for the entire crypto community," Folkman added.

Investors should note important restrictions on the tokens. All purchased WLFI tokens remain locked for a full year after the sale. No trading is possible during this period.

The tokens function solely for governance within the World Liberty Financial Protocol. They allow holders to submit and vote on proposals. They do not provide ownership rights or financial returns.

WLFI has clearly stated that the token is neither a security nor a digital currency. It cannot be used for transactions. Its value does not depend on the operational success of the project.

No date has been announced for an exchange listing. This leaves investors without a clear timeline for when they might be able to trade their tokens.

Crypto Losses

Despite the impressive fundraising achievement, WLFI has already faced a setback in its investment strategy.

As of March 10, the project had lost approximately $110 million on its crypto holdings.

The project had allocated $336 million to purchase nine different cryptocurrencies. However, market downturns reduced this portfolio’s value to around $226 million.

Among these investments, Ethereum, which made up 65% of the portfolio, suffered the largest losses.

WLFI bought ETH at an average price of $3,240. However, with prices falling to around $1,896, this investment declined substantially in value.

Other digital assets in the portfolio also lost value during this period.

The scale of the fundraise puts WLFI in elite company. According to data from ICODrops, this sale ranks among the top ten largest token sales ever. The record holder remains EOS, which raised $4.21 billion.

With all tokens locked and no exchange listing in sight, the next chapter of the WLFI story remains to be written. The project has successfully raised funds but faces the challenge of delivering value to its investors.

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Other articles published on Mar 16, 2025