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Cryptocurrency News Articles

US President Donald Trump's DeFi project World Liberty Financial (WLFI) completes its token sale target of $550 million.

Mar 14, 2025 at 02:00 pm

According to its website, 27400451.08 of WLF was bought by one wallet on 14 March, fulfilling the sale target, triggering the message "Sale has completed."

US President Donald Trump's DeFi project World Liberty Financial (WLFI) completes its token sale target of $550 million.

World Liberty Financial (WLFI), the DeFi project linked to US President Donald Trump, has reached its token sale goal of $550 million.

According to the project’s website, one wallet bought 2,740,451.08 of $WLF on 14 March, at which point the sale target was reached, triggering the message “Sale has completed.”

Holders of the WLFI token are granted governance rights within the WLF Protocol, although tokens will remain non-transferable for the first 12 months post-launch.

Launched in September, WLFI describes itself as “a movement to help secure the future of the US dollar in a digital world, without succumbing to the centralized control of CBDCs.”

Trump is listed as the “chief crypto associate,” while Eric Trump and Donald Trump Jr are listed as Web3 Ambassadors.

Meanwhile, the project’s largest investor is Justin Sun, who purchased $30 million worth of its tokens.

This milestone means Trump and his family will begin receiving payments, with the President-elect’s company, DT Marks DEFI LLC, entitled to 75% of net revenues after the project raises $30 million.

WLFI’s governance token was first introduced to the public on 15 October, with an initial goal of raising $300 million. The sale included 20 billion tokens priced at $0.015 each, which were restricted to whitelisted participants.

However, the project struggled to gain traction, generating only $11 million from the sale of 766 million tokens. In response to the weak demand, the team revised their funding target to $30 million to adjust for market conditions.

The launch of the Official Trump (TRUMP) token and Melania Meme (MELANIA) sparked a surge of interest in the Trump-affiliated crypto space, which ultimately benefited WLFI. By 20 January, the project had sold 20% of its total token supply.

Capitalizing on the increased demand, the WLFI team released an additional 5 billion tokens on 20 January, priced at $0.05 each.

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Other articles published on Mar 19, 2025