World Liberty Financial, a decentralized finance project directly linked to the Trump family, has raised $550 million by selling its WLFI tokens, ICO drops data shows.
The project is valued at over $1.5 billion as of the latest round of funding, and earlier reports indicated that World Liberty Financial was looking to raise $300 million to reach this goal. The project has raised $590 million so far since November 2024, when it first received $30 million from TRON founder Justin Sun, who was born in China.
It is unclear how many tokens were sold. Earlier reports indicated that World Liberty Financial might sell up to 20% of the token supply. Project co-founder Jack Folkman reportedly mentioned on X that more than 60% of the supply would be sold to the public, with 17% going to user rewards and 20% to the team.
In mid-February, Crypto.News reported that World Liberty Financial sold more than 24 billion tokens, leaving around 950 million tokens available for purchase. When the project launched in September 2024, the original plan was to offer 20% of the 100 billion WLFI tokens.
However, due to the rising prices of the tokens, the platform has decided to extend the token sale, perhaps to capitalize on its momentum and raise more funds for its ongoing development. “Due to the overwhelming demand and interest, we have decided to open an additional block of 5% of the token supply,” the project wrote in a post on X on Jan. 20.
.png)
.png)
.png)
0 Comments