Trump-Backed World Liberty Financial Launches Token Sale, Sells Over 220 Million Tokens in First 20 Minutes

Data from the platform shows that the token sale for World Liberty Financial, backed by the Trump family, has launched as anticipated. Within the first 20 minutes of going live at 12:40 UTC, over 220 million WLFI tokens were sold to more than 1,700 unique wallets. The blockchain wallet connected to the token currently holds almost $3 million worth of ether, as well as less than $1 million of tether and USD Coin tokens each. The WLFI token will function as a governance token for the platform, which will enable users to participate in DeFi activities such as borrowing and lending. The project aims to raise $300 million, with a valuation of $1.5 billion. The article was edited by Oliver Knight.