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The Trump family’s DeFi platform World Liberty Financial has seen sales of its WLFI token surge following the launch of the $TRUMP and $MELANIA meme coins over the weekend, with another 5% now set to be sold.
WLFI token sales surged to $254 million by late Sunday from about $91 million a day earlier, Dune Analytics said.
“Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply,” World Liberty Financial said on X.
Following the sale of 20% of the initial token supply, the platform released an additional 5 billion tokens for 5 cents each, representing a 230% increase from the initial offering price.
The WLFI token is a governance token for the platform’s upcoming decentralized trading platform and gives the holders voting rights in community proposals. However, the tokens are not transferable and cannot be sold.
We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply. Please be patient while our team works to relaunch the sale. We’ll share updates here as soon as…
— WLFI (@worldlibertyfi) January 20, 2025
The Trump family launched the DeFi platform in September, saying it would sell 20% of the 100 billion World Liberty Financial tokens it created. But its website now lists an additional 5 billion for sale at 5 cents each, aiming to raise an additional $250 million through the extended sale.
The initial sale had a slow start, partly because it restricted U.S. retail investors from participating.
Justin Sun Invests Another $45 Million In World Liberty Financial
Justin Sun, the founder of Tron and the project’s largest investor, has increased his total investment to $75 million by adding an additional $45 million, he said in a post on X on Jan. 20.
Sun has been an advisor to World Liberty Financial since he made a $30 million investment in the project in November.
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