World Liberty Financial, supported by Donald Trump, expands its token sale and buys millions in Ethereum, amid changes in Ethereum Foundation leadership.
Token Sale Expansion
World Liberty Financial completed its initial token sale and is offering an additional 5% of its token supply due to increased demand. The platform initially aimed to sell 20% of its 100 billion WLFI tokens. Now, an extra 5 billion tokens are available at 5 cents each, potentially raising an additional $250 million. The initial price was 1.5 cents per token, generating $300 million despite restrictions on U.S. retail investors.
Ethereum Purchases
World Liberty Financial recently bought 14,403 Ether totaling $48 million, boosting its Ethereum holdings to 42,427 units valued over $143 million. These purchases coincided with Solana's token price surge after the TRUMP meme coin launch on Solana's network, reaching an all-time high of $270.
Ethereum Foundation Leadership Changes
Ethereum co-founder Vitalik Buterin announced leadership changes in the Ethereum Foundation to bolster decentralization and strengthen communication with ecosystem developers. These changes followed criticism over spending and conflicts of interest in 2024.
World Liberty Financial's token sale expansion and Ethereum purchases highlight the growing interest and shifts in the crypto industry. Concurrently, Ethereum Foundation's leadership changes aim to enhance decentralization and developer support.
