World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump, is seeing a sudden surge in demand for its token presale.
The project initially attempted to raise $300 million during the token sale, but scaled back its target to $30 million after fundraising issues. However, on January 20, WLFI confirmed that it had successfully sold 20% of its total token supply during the pre-sale phase and revealed plans to unlock an additional 5% of the tokens for sale due to overwhelming demand.
It declared:
“Great news! An additional 5% of our token supply is now available for purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community!”
The project advised interested buyers to “only purchase through the link in our bio to avoid scams.”
Market observers have linked the sudden increase in interest to Trump’s launch of an “official meme coin” on the Solana blockchain over the weekend. This boosted confidence in the president-elect’s crypto-positive outlook, with many seeing his influence as a catalyst for growth in the blockchain industry.
Meanwhile, WLFI’s sellout marks a complete turnaround for a project that previously struggled with fundraising.
Since Trump’s political victory in November, WLFI has experienced remarkable growth, with token profits increasing 95% to $300 million, according to Dune Analytics facts.
The role of Justin Sun
Notably, one of the many believers in the token is Justin Sun, founder of the Tron blockchain.
On January 20, he revealed that he had invested another $45 million in the DeFi platform, following his previous contribution of $30 million. This brings Tron’s total support for the project to $75 million.
He wrote:
“We continue to increase our investment in World Liberty Financial by an additional $45 million, bringing the total investment to $75 million.”
Blockchain analytics platform Nansen revealed that Sun acquired 1 billion WLFI tokens for $15 million in USDT, making TronDAO the largest independent token holder.
According to EtherScan factsTronDAO owns 3 billion tokens out of WLFI’s total supply of 100 billion, surpassing more than 34,000 other holders.
What now?
World Liberty Financial’s recent actions have sparked curiosity within the crypto community about the project’s next step.
On January 19, the blockchain analytics platform launched SpotOnChain reported that the platform made a significant Ethereum purchase, acquiring $20 million worth of ETH in just 20 minutes using $5 million USDC and $15 million USDT.
With this purchase, World Liberty Financial owns over 46,000 ETH worth $157 million.
Moreover, WLFI reportedly did just that bought three Ethereum Name Service (ENS) domains – trumpcoin.eth, erictrump.eth and barrontrump.eth – for key members of the Trump family. This move suggests the project’s intention to create a stronger digital presence connected to its prominent figures.
Amid all this activity, Donald Trump Jr., advisor to the project, declared:
“World Liberty Financial will revolutionize DeFi/Cefi and will be the future of the financial industry. We’re just getting started!”
