Trump-Supported WLFI Concludes Successful $590M Crypto Fundraising Round

WLFI, Trump-Endorsed Crypto Project, Secures $590M in Token Sale

World Liberty Financial (WLFI), the cryptocurrency initiative backed by former U.S. President Donald Trump, has successfully concluded its token sale, raising nearly $590 million across two pre-sale rounds, according to on-chain data.

The sizable raise places WLFI among the top 10 largest token sales ever recorded, with data from ICODrops ranking EOS as the highest, having amassed $4.21 billion.

EOS, created by Block.one, was a foundational player in the launch of Bullish, the parent company of CoinDesk.

At Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Tron’s Justin Sun as a key contributor to the project’s fundraising success.

“When we launched, there was a lot of controversy surrounding our project due to its affiliations,” Folkman noted. “Traditional crypto venture capitalists were hesitant to get involved.”

Momentum picked up after Sun made an initial $30 million investment in November 2024, followed by additional contributions that helped propel the project forward.

“[Sun] understood that regardless of political associations, WLFI represents a significant evolution for crypto,” Folkman said during the panel discussion.

Regulatory guidelines restricted the WLFI token sale to accredited investors only, and the token remains non-transferable and unavailable for public exchange trading. A listing date has yet to be announced.

  • Related Posts

    Bitcoin trades at $68,300 with gold plunging for a ninth day and Asian shares under pressure

    The ongoing Iran conflict continues to disrupt typical market behavior, with both safe-haven and risk assets under pressure. Bitcoin, however, is holding up better than most. Gold dropped for a…

    Continue reading
    Resolv stablecoin tumbles 70% following $25 million ETH exploit

    Resolv’s USR stablecoin has lost its peg following a major exploit that exposed critical weaknesses in the protocol, leaving it significantly undercollateralized. The system now holds around $95 million in…

    Continue reading
    You have not selected any currencies to display