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 Washington. These appearances align with the broader Trump administration’s apparent openness to cryptocurrency adoption.
The venture’s success comes alongside other crypto-related activities within the Trump family. Both Donald Trump and Melania Trump recently launched their own memecoins, which have experienced notable price volatility in the market.
Official Trump Price on CoinGecko
The Donald Trump memecoin saw its value decline from a weekend high of $75 to $52, while the Melania Trump memecoin fluctuated between $13.64 and $8.43. These price movements have added another layer of complexity to the family’s involvement in the cryptocurrency space.
However, the WLF tokens come with certain limitations. Holders receive minimal voting rights and no economic entitlements. Additionally, these tokens cannot be traded back to WLF, raising questions about their practical utility.
The broader crypto market has responded to these developments with its own volatility. Bitcoin briefly touched a record high of over $109,000 before retreating to around $102,000 following Trump’s inauguration speech.
The administration has made several crypto-friendly appointments, including Paul Atkins to lead the Securities and Exchange Commission and David Sacks as the AI and Crypto Czar. These appointments suggest a potential shift in regulatory approach compared to the previous administration.
Some industry veterans have expressed reservations about these developments. Venture capitalist Nic Carter has raised concerns about potential conflicts of interest arising from a sitting president’s involvement in such business ventures.
Bernstein analysts characterize the current period as a “chaotic crypto era,” noting that government engagement with cryptocurrencies could reshape relationships between leadership and emerging technologies.
According to the Financial Times, World Liberty Financial continues to see “massive demand and overwhelming interest” in its offerings, leading to its decision to expand token availability.
Sources close to WLFI indicate that the project will maintain its strategy of acquiring various cryptocurrencies, with particular focus on increasing its TRX holdings in the near future.
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