Surge in WLFI Token Sales After Trump's Memecoins Launch

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by Giorgi Kostiuk

2 years ago

The World Liberty Financial DeFi project has reported a significant increase in sales of its governance tokens following the launch of memecoins linked to Donald and Melania Trump, as announced on social media.

World Liberty Financial Token Sales Increase

According to an announcement on platform X, World Liberty Financial successfully sold 20 billion tokens, representing 20% of its total supply of 100 billion tokens. Due to high demand, an additional 5 billion tokens (5% of the supply) are now available for sale.

Tron DAO Investments and Justin Sun's Role

Tron founder Justin Sun revealed on platform X that Tron DAO has invested an extra $45 million in WLFI, increasing its total investment to $75 million. Sun became an advisor to World Liberty Financial in November following an initial $30 million investment from his project.

Impact of Trump's Memecoins Launch

The surge in WLFI token sales coincided with the launch of Trump's memecoins. Donald Trump introduced the 'Official Trump' memecoin, which quickly rose to a peak of $72 and is currently trading at $44. Its market cap is about $8.8 billion, with a fully diluted valuation (FDV) of $44.1 billion. Melania Trump also launched her memecoin 'MELANIA', which has an FDV of $7.6 billion and is experiencing significant price fluctuations.

The increase in WLFI token sales and the launch of Trump's memecoins indicate high market interest and the considerable impact of crypto initiatives linked to well-known figures, affecting both token pricing and the investment climate.

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