Share this article
Trump-backed World Liberty Financial (WLFI) Completes $590M Token Sale
On-chain data shows that the project has raised nearly $590 million between two pre-sales.
Updated Mar 14, 2025, 2:16 p.m. Published Mar 14, 2025, 6:39 a.m.
Make us preferred on Google
What to know:
- World Liberty Financial (WLFI), a crypto project backed by Donald Trump, has successfully closed its token sale, raising approximately $590 million.
- The project's co-founder, Zak Folkman, credited Tron's Justin Sun for the success of the token sale, following Sun's investment of $30 million.
- The WLFI token was only available to accredited investors and cannot be transferred or publicly sold on exchanges, with no set date for an exchange listing.
, the Donald Trump-backed crypto project, has closed its token sale after raising approximately $590 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The project's raise of $590 million would put it in the top-10 list of token raises, according to data curated by ICODrops. To date, the largest token sale is EOS, which raised $4.21 billion.
EOS is a blockchain platform developed by Block.one, which later founded Bullish, CoinDesk's owner.
On stage at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Tron's Justin Sun with the success of the project's token sale.
After WLFI first launched its sale, its critics called the momentum sluggish. But this changed after Sun invested $30 million into it in November 2024 and later invested more.
"When we were launching this project, it was a very heated time," Folkman said during Consensus. "There was a lot of scrutiny on our project due to who was involved."
This meant that traditional crypto VCs would not touch the token.
"[Sun] saw that regardless of the outcome, this project is a monumental move forward for the entire crypto community," Folkman added during the Consensus panel.
Rules around WLFI's token sale mean that the token was only available to accredited investors and can't be transferred or publicly sold on exchanges. A date has not been set for an exchange listing.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Di più per voi
Here is why investors are snubbing Michael Saylor’s 10% dividend offer in Europe
Access and market structure issues limit adoption of Strategy’s first non U.S. perpetual preferred, Stream.
Cosa sapere:
- Stream (STRE) is Strategy’s euro-denominated perpetual preferred stock, positioned as a European counterpart to the firm’s high-yield preferred Stretch (STRC).
- Khing Oei, founder and CEO of Treasury, says adoption has been constrained by poor accessibility and opaque price discovery.
Top Stories
