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

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

MEXC Launches 'WE SEE YOU' Campaign to Highlight Individual Traders

MEXC has launched a new brand identity focused on the philosophy 'WE SEE YOU', emphasizing the importance of individual traders behind accounts.

user avatarFilippo Romano

Citi and Coinbase Enhance Partnership for Stablecoin Payments

Citi and Coinbase have expanded their partnership to facilitate stablecoin payments for corporate clients, allowing seamless transactions between traditional and digital currencies.

user avatarEmily Carter

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.