Last updated on March 15th, 2025 at 08:08 am
World Liberty Financial (WLFI), the crypto project affiliated with President Donald Trump, has successfully concluded its token sale, raising $550 million – significantly exceeding its revised fundraising target.
The token sale officially ended 13 hours ago, and the previously announced 12-month lock-up period has now commenced.
The fundraising campaign, which began in October 2024, underwent several phases and adaptations. Initially targeting $300 million, the project adjusted its goals in response to market conditions but ultimately surpassed expectations due to strong investor interest.
The first phase of the token sale concluded on January 20, distributing 20% of the total token supply. Notable crypto figure Justin Sun participated in this initial phase, contributing to its early momentum. Following high demand, an additional 5 billion tokens were issued at $0.05 each, with nearly all tokens sold by March 13th.
The mandatory 12-month lock-up period now in effect aims to prevent immediate trading and promote gradual market integration. Under this structure, WLFI token holders will be able to submit and vote on proposals within the WLFI Protocol, though the tokens do not provide financial returns, ownership rights, or direct economic benefits.
This milestone comes just days after WLFI announced the SUI Strategic Reserve, which sparked excitement in the crypto community and drove a notable surge in SUI’s price. Earlier today, the project also purchased 541,242 SEI tokens, causing a 7% increase in SEI’s price.
Despite the successful fundraising, the value of WLFI’s crypto portfolio is reportedly plummeting. Its initial investment of $336 million across nine cryptocurrencies has allegedly dropped to approximately $226 million as of March 10. The decline in Ethereum’s price from an average purchase of $3,240 to approximately $1,903 significantly impacted the portfolio, as ETH comprises 65% of WLFI’s holdings.
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