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Trump-linked WLFI secures $590 million, claiming a spot in top 10 token sales

by admin March 15, 2025
March 15, 2025
Trump-linked WLFI secures $590 million, claiming a spot in top 10 token sales

World Liberty Financial (WLFI), a cryptocurrency project backed by Donald Trump, has secured $590 million through its token sale, placing it among the largest fundraising efforts in crypto history.

This achievement comes despite initial scepticism surrounding the project, particularly due to its political associations and regulatory scrutiny.

WLFI’s fundraising success now positions it in the top 10 token sales of all time, with data from ICODrops showing that only a handful of projects, such as EOS, which raised $4.21 billion, have surpassed this milestone.

WLFI’s fundraising momentum picked up significantly following an investment from Tron’s founder, Justin Sun, who contributed $30 million in November 2024.

Sun’s involvement provided a crucial boost to the project, helping it gain traction among investors despite facing challenges from traditional venture capital firms.

WLFI joins top tokens

World Liberty Financial’s journey to securing $590 million was not without obstacles.

When the project launched, its association with Trump led to hesitation from major crypto investors, many of whom chose to avoid potential regulatory or reputational risks.

Traditional crypto venture capital firms opted not to participate in the sale, leaving WLFI to seek alternative funding sources.

The turning point came when Justin Sun stepped in, first with his $30 million investment and later with additional contributions.

His backing gave the project credibility and accelerated interest from accredited investors.

Sun, who has previously been involved in high-profile crypto projects, saw WLFI as a significant move for the broader crypto market, despite the political controversies surrounding it.

Unlike many other token sales, WLFI’s offering was restricted to accredited investors, meaning that retail traders were excluded from participating.

The tokens are not yet available for public trading, with no official date set for their listing on exchanges.

Regulatory scrutiny ahead

WLFI’s massive fundraising effort has reignited discussions on the intersection of politics and cryptocurrency.

The project’s success highlights how political figures and their networks can leverage blockchain technology to mobilise financial support.

However, it also raises concerns about regulatory scrutiny, particularly in the US, where authorities have been increasingly cracking down on crypto-related fundraising efforts.

Given the project’s exclusive investor base and restrictions on public trading, regulatory bodies may examine whether it complies with existing securities laws.

The lack of a confirmed exchange listing further adds to the uncertainty around how WLFI’s tokens will be integrated into the broader crypto market.

Despite these regulatory concerns, WLFI’s ability to secure nearly $600 million in funding demonstrates the continued interest in blockchain-based financial instruments.

The project’s success signals that accredited investors are willing to back politically affiliated crypto initiatives, even in a highly scrutinised market.

WLFI’s fundraising

With WLFI now ranking among the most successful token sales, its fundraising success could influence future crypto fundraising strategies.

The project’s ability to attract large-scale investment despite political and regulatory challenges may encourage other politically linked initiatives to explore blockchain-based funding mechanisms.

WLFI’s next steps remain uncertain, with investors awaiting further details on how the tokens will be integrated into the market.

The project’s leadership has not yet announced when or where the tokens will be listed for public trading, leaving speculation about its long-term impact on the crypto space.

As the industry watches how WLFI navigates regulatory scrutiny and exchange listings, its fundraising achievement marks a significant moment in the evolving relationship between politics, cryptocurrency, and investment.

The post Trump-linked WLFI secures $590 million, claiming a spot in top 10 token sales appeared first on Invezz

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