Surge in WLFI Token Sales After Trump's Memecoins Launch

user avatar

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Google Cloud's New Service Enhances Key Management Security

Google Cloud's new Multiparty Compute service aims to mitigate risks related to key management in digital asset custody by splitting signing authority among independent participants.

user avatarKofi Adjeman

Google Cloud Launches New Service for Digital Asset Custody

Google Cloud has launched a new Multiparty Compute service to enhance institutional digital asset custody, addressing custody risks and potentially lowering barriers for firms in the digital asset market.

user avatarNguyen Van Long

ACI Worldwide and Circle Launch USDC Settlement Pilot in Colombia

ACI Worldwide and Circle announced a collaboration to demonstrate USDC settlement integration into existing bank payment systems.

user avatarSatoshi Nakamura

Binance Wallets Drained in Major Security Breach

Wallets linked to Binance were drained of at least $55 billion, raising concerns about the security of decentralized exchanges.

user avatarJesper Sørensen

Decentralized Exchanges Facilitate Fund Swaps in Binance Hack

Decentralized exchanges like Uniswap and Aave are being used to swap frozen stablecoins for Ethereum following the Binance wallet draining incident, complicating recovery efforts.

user avatarRajesh Kumar

Bron Joins Hashgraph Association's Global Membership Program

Selfcustody platform Bron has joined the Hashgraph Association's Global Membership Program to enhance its connection with the Hedera ecosystem.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.