The post World Liberty Financial sells over 24 billion WLFI governance tokens appeared on BitcoinEthereumNews.com.

World Liberty Financial revealed on its official website that it has sold over 24.07B of its WLFI governance tokens. The yet-to-launch crypto platform promoted by U.S. President Donald Trump and his sons also has 926.998M WLFI tokens remaining for sale. Onchain data revealed that the WLFI governance token currently has over 80,000 holders among 119,000+ transactions. The firm is also reportedly using Aave on the backend to run a segregated instance with stronger KYC controls than the original decentralized lending protocol. World Liberty Financial sells over 24B WLFI tokens World Liberty Financial appears to have sold more than 96% of its tokens after an initial slow start about four months ago. A chart on its website shows that it has sold more than 24 billion of its WLFI governance tokens, with fewer than 1 billion of the tokens yet to be sold. As per WLF’s official site, each WLFI token costs $0.05, making the total sale come to around $1.25 billion. WLFI tokens went on sale in mid-October, with plans to raise $300 million at a $1.5 billion valuation through the initial token sale. The crypto project had an initial plan to offer 20% of its 100 billion WLFI tokens after launching its DeFi platform in September last year. WLF later decided to extend its token sale by 5% to capitalize on the rapid uptake of tokens at increasing price points and raise more funds for its ongoing development. “We’re making routine movements of our crypto holdings as part of regular treasury management and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens–we are simply reallocating assets for ordinary business purposes.” –World Liberty Financial. The crypto project maintained that the sale was intended to be part of maintaining a strong,…

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Filed under: News - @ February 14, 2025 5:16 am