Donald Trump-supported protocol World Liberty Monetary has raised $550 million in its token sale, pushing its whole funding near $600 million up to now.
World Liberty Monetary, a decentralized finance undertaking immediately tied to the Trump household, has secured $550 million by promoting its WLFI tokens, information from ICO Drops shows.
With the most recent funding spherical, the undertaking’s valuation is regarded as over $1.5 billion, with earlier experiences hinting that World Liberty Monetary was aiming to boost $300 million to hit that mark. Thus far, the undertaking has raised $590 million since November 2024, when it first got $30 million from China-born TRON founder Justin Solar.
It’s unclear what number of tokens have been offered. Earlier experiences hinted that World Liberty Monetary may promote as much as 20% of the token provide. The undertaking’s co-founder, Zak Folkman, reportedly talked about on X that greater than 60% of the provision could be offered to the general public, with 17% allotted for consumer rewards and 20% for the crew.
In mid-February, crypto.information reported that World Liberty Monetary offered over 24 billion tokens, leaving round 950 million tokens obtainable for buy. When the undertaking began in September 2024, the preliminary plan was to supply 20% of its 100 billion WLFI tokens.
Nonetheless, with the speedy uptake of tokens at rising worth factors, the platform appears to have determined to increase its token sale, presumably to capitalize on the momentum and lift extra funds for its ongoing improvement. “Because of large demand and overwhelming curiosity, we’ve determined to open up an extra block of 5% of token provide,” the undertaking wrote in a Jan. 20 put up on X.
