WLF Token Sales Hit $1B Mark as Treasury Diversifies Holdings
The post WLF Token Sales Hit $1B Mark as Treasury Diversifies Holdings appeared on BitcoinEthereumNews.com.
TLDR World Liberty Financial (WLF) raises $1 billion through token sales, surpassing initial target of 20 billion tokens Additional 5 billion WLF tokens being released from 100 billion total supply due to high demand Trump family launches separate memecoins, with Donald and Melania’s tokens showing high volatility Justin Sun invests $75 million total in WLF, with recent $45 million addition WLFI treasury now holds $7.5 million in TRX tokens, along with substantial holdings in ETH, WBTC, USDT, AAVE, and LINK World Liberty Financial (WLF), the cryptocurrency venture backed by former President Donald Trump, has raised $1 billion through its token sales, marking a major development in the intersection of traditional politics and digital assets. The venture originally planned to sell 20 billion WLF tokens but exceeded this target, selling 21 billion tokens. Due to continued demand, WLF has announced plans to release an additional 5 billion tokens from its total supply of 100 billion. Justin Sun, founder of the TRON blockchain, has emerged as a key investor in the project. Sun recently increased his investment by $45 million, bringing his total stake to $75 million. In a statement, Sun expressed enthusiasm about WLF’s integration of TRON into its treasury operations. The project’s treasury has been actively acquiring various cryptocurrencies. Recent on-chain data shows WLFI holds $182 million in ETH, $48 million in WBTC, $7.2 million in USDT, $7 million in AAVE, and $6.7 million in Chainlink’s LINK. Most of these purchases occurred before Trump’s inauguration. WLFI’s most recent purchase added 10.8 million TRX tokens worth $2.6 million to its holdings, bringing its total TRX position to $7.5 million. Sources familiar with the matter indicate that WLFI plans to continue increasing its TRX holdings. Eric Trump has taken an active role in promoting World Liberty Financial, attending high-profile crypto events in…
Filed under: News - @ January 22, 2025 1:26 pm