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Trump-Linked Crypto Project WLFI Raises $590 Million in Token Sale
WLFI raised a massive $590 million in its token sale, marking one of the largest fundraising events in the crypto sector. The project has been expanding its cryptocurrency holdings, with recent investments reaching $21.6 million.
The project, linked to former US President Donald Trump, aims to build a decentralized financial system accessible to millions of people. WLFI’s token serves as a governance asset for its decentralized trading platform, allowing holders to vote on proposals and participate in decision-making within the ecosystem.
WLFI launched with a total supply of 100 billion tokens, with 35% allocated for public distribution. The initial fundraising goal was set at $300 million but was later adjusted to $30 million due to weak demand. However, following Trump’s 2024 election victory, interest in WLFI surged, leading to the sale of all 20 billion initially available tokens by January 20.
To cater to increased demand, WLFI released an additional 5 billion tokens for sale. The project has since allocated a significant portion of its funds towards cryptocurrency investments.
Source: https://cryptonewsland.com/trump-linked-crypto-project-wlfi-raises-590-million-in-token-sale/
