Trump-Linked Crypto Project WLFI Raises $590 Million in Token Sale

• WLFI raised $590 million in its token sale and became one of the largest fundraising events in the crypto sector.
• The project increased its crypto holdings and invested $21.6 million in assets like Ethereum Bitcoin and SEI.
• WLFI criticized media coverage and said it aims to create a decentralized financial system for millions of people.

World Liberty Financial (WLFI), a cryptocurrency project linked to Donald Trump, has completed its token sale, raising approximately $590 million. Details on the project’s website confirm the sale’s conclusion, marking it among the largest fundraising events in the crypto sector.

WLFI launched with a total supply of 100 billion tokens. Of this, 35% was designated for public distribution. The token serves as a governance asset for WLFI’s decentralized trading platform. Holders can vote on proposals and participate in decision-making within the ecosystem.

The project began its token sale in October 2024 with an initial allocation of 20 billion tokens. Each token was priced at $0.015 and sold exclusively to whitelisted participants. The initial fundraising goal was $300 million, later adjusted to $30 million due to weak demand.

Increased Demand Following Election Results

Interest in WLFI surged following Trump’s 2024 election victory. This led to all 20 billion tokens selling out by January 20. To accommodate demand, WLFI released an additional 5 billion tokens for sale.

Beyond the token sale, WLFI has been expanding its cryptocurrency holdings. Reports from blockchain analytics firm Spot On Chain show that the project spent $100,000 USDC to acquire 541,242 SEI tokens at $0.185 each.

Current Crypto Holdings and Investments

WLFI currently holds 1.089 million SEI tokens, purchased for $225,000, now valued at approximately $207,000. Since late February, the project has invested $21.6 million in various cryptocurrencies, including Ethereum (ETH), Wrapped Bitcoin (WBTC), Movement (MOVE), and SEI.

Data from Arkham Intelligence estimates WLFI’s total crypto portfolio at nearly $78 million. Holdings include 7,900 ETH worth $15 million, $14.82 million in USDT, and 162 WBTC valued at around $13.44 million. Additional investments include $9.4 million in staked Ethereum and $9 million in Tron (TRX).

WLFI has criticized major media outlets for what it describes as biased reporting against the crypto industry. The project maintains that its goal is to create a decentralized financial system accessible to millions. It has urged the public to rely on its official updates for accurate information.