WEB3
by BSCN
January 20, 2025
The presale saw significant investor interest, with over 39,000 unique wallet addresses involved.
World Liberty Financial (WLFI), the cryptocurrency project closely associated with President-elect Donald Trump, successfully concluded its initial token presale, selling 20% of its massive 100 billion token supply. World Liberty Financial announced it would sell an additional 5% of its token supply due to investor demand.
World Liberty Financial's presale performance exceeded market expectations, with sales surging dramatically from $91 million to $254 million within a 24-hour period. On-chain analytics from Dune Analytics reveal that over 39,000 unique wallet addresses now hold WLFI tokens, with the platform processing more than 46,000 transactions during the presale period.
Justin Sun, the Tron blockchain founder, has deepened his involvement with World Liberty Financial. Sun recently announced Tron DAO’s additional $45 million investment in the project, bringing his total commitment to $75 million. Worth noting, Sun is a key advisor of the project, since November 2024.
This comes after there are reports that World Liberty Financial is exploring the acquisition of Tron (TRX) tokens for its treasury, a move that would further cement its relationship with the Tron ecosystem.
In a calculated move to strengthen its market position, World Liberty Financial has implemented an aggressive treasury diversification strategy. The platform recently executed a significant Ethereum acquisition, purchasing 14,403 ETH valued at approximately $48 million. This strategic buy increased the project's total Ethereum holdings to 33,630 ETH, worth over $137 million, according to Debank.
The platform's treasury currently maintains a diverse cryptocurrency portfolio including:
Large-cap cryptocurrencies (ETH, WBTC)
Leading stablecoins (USDT, USDC)
DeFi protocol tokens (AAVE, LINK)
Various strategic altcoin positions
Per Debank, World Liberty Financial holds $304 million worth of cryptocurrencies at the time of writing.
As "chief crypto advocate" for World Liberty Financial, President-elect Donald Trump's involvement has generated substantial interest from both traditional finance and crypto communities. Market analysts suggest that Trump's imminent return to the White House could catalyze broader cryptocurrency adoption and potentially influence favorable regulatory frameworks for digital assets.
The platform's success comes amid a surge in Trump-related crypto projects, including:
The launch of Donald Trump's $TRUMP token
Melania Trump's memecoin debut
Growing institutional interest in politically-affiliated digital assets
The WLFI token, initially priced at 1.5 cents during the presale, serves as the platform's governance token, enabling holders to participate in crucial decision-making processes. World Liberty Financial's upcoming decentralized trading platform will incorporate these governance mechanisms, allowing token holders to vote on community proposals and shape the project's future direction.
Eric Trump, serving on the project's advisory board, recently hinted at significant upcoming developments, generating speculation about potential new features and partnerships.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
2h : 9m ago
Students for Trump Co-founder Under Fire After Selling Half of 'TikTok' Memecoin
5h : 24m ago
Trump's World Liberty Financial Hits $254M Token Presale Milestone
6h : 9m ago
Melania Trump Launches $MELANIA Meme Coin: What You Need to Know
7h : 9m ago
Donald Trump's Official $TRUMP Memecoin: What We Know
January 18, 2025
Weekly Article Recap: 1/13-1/17
January 17, 2025
Quai Network Sets Mainnet Launch for January 29, 2025
January 17, 2025
Phantom Wallet Secures $150M in Funding Round Led by Sequoia Capital and Paradigm
January 17, 2025
Does Donald Trump Really Plan to Establish a U.S. Strategic Altcoin Reserve?