World Liberty Financial (WLFI), a decentralized finance (DeFi) platform associated with former President Donald Trump, is experiencing a significant surge in demand for its token pre-sale. The project initially aimed to raise $300 million during its token sale but had to adjust its target to $30 million due to fundraising challenges. However, on Jan. 20, WLFI announced that it had successfully sold 20% of its total token supply during the pre-sale phase and decided to release an additional 5% of the tokens for sale to meet the overwhelming demand.
In a recent statement, WLFI expressed its excitement about the increased interest, saying, “Great news! An additional 5% of our token supply is now available to purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community!” The project advised potential buyers to use the link provided on their official website to avoid falling victim to scams.
The sudden spike in interest in WLFI has been attributed to Trump’s recent launch of an “official meme coin” on the Solana blockchain. This move has reinforced confidence in the former President’s positive stance on cryptocurrencies, with many seeing his influence as a driving force for growth in the blockchain industry.
In a remarkable turnaround, WLFI, which previously struggled with fundraising, has seen exponential growth since Trump’s political victory in November. According to data from Dune Analytics, the project’s token profits have surged by 95% to reach $300 million.
One of the notable supporters of the WLFI token is Justin Sun, the founder of the Tron blockchain. Sun recently announced that he had invested an additional $45 million in the DeFi platform, bringing Tron’s total investment in the project to $75 million. Sun’s investment involved acquiring 1 billion WLFI tokens for $15 million in USDT, establishing TronDAO as the largest independent token holder with 3 billion tokens out of WLFI’s total supply of 100 billion.
The recent actions taken by World Liberty Financial have piqued the interest of the crypto community regarding the project’s future plans. SpotOnChain, a blockchain analysis platform, reported that WLFI made a substantial purchase of Ethereum worth $20 million in just 20 minutes using USDC and USDT. With this acquisition, WLFI now holds over 46,000 ETH valued at $157 million.
Additionally, WLFI has reportedly purchased three Ethereum Name Service (ENS) domains—trumpcoin.eth, erictrump.eth, and barrontrump.eth—for key members of the Trump family. This strategic move indicates the project’s intention to establish a more robust digital presence linked to influential figures.
Donald Trump Jr., an advisor to the project, expressed his optimism about WLFI’s future, stating, “World Liberty Financial will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started!”
Overall, the recent developments surrounding World Liberty Financial, including the increased demand for its token pre-sale and strategic acquisitions, highlight the project’s potential for reshaping the DeFi landscape under the guidance of prominent figures like Donald Trump and Justin Sun.