Trump-backed DeFi project WLFI closes raise surpassing goal reaching $590 million

President Donald Trump’s family DeFi project, World Liberty Financial (WLFI), has officially concluded its WLFI token sale, which raised approximately $590 million, according to details shared on its website.

According to Satoshi Club, this achievement places it among the top ten largest token fundraising events in the crypto industry.

WLFI

WLFI has a total supply of 100 billion tokens, with 35% allocated for public distribution.

The token was designed to function as a governance asset for WLF’s upcoming decentralized trading platform. Holders will be able to vote on key proposals and participate in decision-making processes within the community.

The project launched its token sale in October 2024 with an initial allocation of 20 billion WLFI tokens. Each token was priced at $0.015 and available only to whitelisted participants. WLFI initially aimed to raise $300 million but revised the target to $30 million due to weak demand.

However, interest surged following Donald Trump’s 2024 election victory, resulting in all 20 billion WLFI tokens sold out by Jan. 20.

In response to increased demand, the project later released an additional 5 billion tokens for sale.

WLFI’s token-holding

Beyond its token sale, WLFI has been actively increasing its crypto holdings over the past months.

According to blockchain analytics platform Spot On Chain, the project recently spent $100,000 USDC to purchase 541,242 SEI tokens at $0.185 per token.

Currently, WLF holds 1.089 million SEI tokens, acquired for $225,000, now valued at approximately $207,000.

Since the market dip in late February, the project has invested $21.6 million in accumulating various cryptocurrencies, including Ethereum (ETH), Wrapped Bitcoin (WBTC), Movement (MOVE), and SEI.

According to Arkham Intelligence data, WLFI’s total crypto portfolio is valued at nearly $78 million. This includes 7,900 ETH worth $15 million, $14.82 million in USDT, and 162 WBTC valued at approximately $13.44 million.

Additionally, the project holds $9.4 million in staked Ethereum, $9 million in Tron (TRX), and substantial investments in Movement, Ondo, and Usacoin.

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