The World Liberty Financial Initiative (WLFI), backed by Donald Trump, has successfully concluded its token sale, amassing approximately $590 million.
WLFI Token Sale
WLFI tokens were exclusively available to accredited investors and cannot be freely traded. The project was launched in September 2024 to support decentralized finance and US-dollar-pegged stablecoins. Initially, the sale aimed to raise $300 million with tokens priced at $0.015, but eventually, the goal was reduced to $30 million.
WLFI's Financial Position
WLFI's portfolio of 9 crypto assets is currently down by $124 million due to market volatility. Ethereum makes up 65% of the company's holdings and was acquired at an average cost of $3,240 but has now depreciated to around $1,900, increasing the losses.
Investment and Governance
One of the most notable investors in WLFI is Tron founder Justin Sun, who purchased $30 million worth of tokens. WLFI holders will have governance rights over the WLF Protocol; however, tokens will remain non-transferable for the first 12 months post-launch.
The WLFI project, supported by Donald Trump, has achieved significant success in completing its token sale despite volatile market conditions. Investors like Justin Sun are actively participating in the initiative.
