Trump DeFi Project Struggles to Sell Tokens in WLFI Sale

The DeFi project World Liberty Financial, backed by the Trump family, officially launched its token sale but failed to attract investors.

Trump Defi Project Struggles To Sell Tokens In Wlfi Sale

At noon on October 15 (UTC), the DeFi project World Liberty Financial, promoted by the family of former U.S. President Donald Trump, officially launched its WLFI token sale event for eligible investors. The project aims to sell 20 billion tokens at a starting price of $0.015, targeting a total raise of $300 million.

However, as of 4 a.m. on October 16, 2024, World Liberty Financial had only sold around 700 million WLFI tokens, with more than half of the sales occurring within the first hour.

World Liberty Financial had only sold around 700 million WLFI tokens
World Liberty Financial had only sold around 700 million WLFI tokens

World Liberty Financial is a DeFi project initiated by Trump’s two sons, Donald Trump Jr. and Eric Trump. It was later promoted by the former president during his campaign. According to initial information, the project is a cryptocurrency lending platform, operating through Aave and Scroll, with future plans to support stablecoin credit and develop Real World Assets (RWA).

The project is currently open only to U.S. citizens and requires a rigorous KYC verification process. Buyers of WLFI tokens must also complete KYC before participating. A project representative stated that up to 100,000 investors had registered to purchase the tokens.

WLFI is designed to be a governance token, allowing holders to participate in decision-making for World Liberty Financial. However, the token will remain “non-transferable” during the first year.

Related: Mr. Trump Assassinated for the Third Time in California

On the morning of October 15, Trump posted about the WLFI token sale event of World Liberty Financial on his X (Twitter) account, drawing attention from his more than 91.6 million followers.

(8 votes)

3.9/5

(8 votes)

Latest

Whales Dump Xrp Can Ripple Still Aim For The $5 Breakout

News | Altcoin | Editor Choice

Whales Dump XRP: Can Ripple Still Aim for the $5 Breakout?

XRP faces a defining moment as whales unleash massive sell-offs, leaving investors anxious over whether the token will rocket to $5 or crash back down to $2.

Bnb Surges After Trump Pardons Cz, Traders Shout “up Only”

News | Altcoin | Editor Choice

BNB Surges After Trump Pardons CZ, Traders Shout “Up Only”

BNB’s price surged right after U.S. President Donald Trump pardoned Binance founder Changpeng Zhao, fueling a wave of excitement and speculation that the long-awaited “altcoin season” may be about to begin.

Satoshi Era Bitcoin Whale Awakens After 14 Years

News | Bitcoin | Editor Choice

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A “Satoshi-era” Bitcoin whale has suddenly awakened after more than 14 years of silence, sparking a wave of speculation about the real motive behind its move of 150 BTC worth tens of millions of dollars.

Bunni Dex Shuts Down After $8.4 Million Hack

News | Altcoin | Editor Choice

Bunni DEX Shuts Down After $8.4 Million Hack

After suffering a devastating $8.4 million hack, decentralized exchange protocol Bunni DEX has officially announced its shutdown. This marks the second crypto project to fold in October, following Kadena Organization’s recent decision to halt operations amid mounting difficulties. The $8.4 Million Exploit: How It Happened The attack occurred on September 2, when a hacker exploited

The Crypto Etf Wave Hits, Over 200 Funds Set To Launch Soon

News | Editor Choice | Policy & Regulations

The Crypto ETF Wave Hits, Over 200 Funds Set to Launch Soon

Crypto ETF Explosion: The market is on the verge of a massive wave of investment products, with 155 ETF filings currently awaiting approval — spanning 35 digital assets from Bitcoin and Ethereum to even political meme coins.

Screenshot 2025 10 20 091338