WLFI raises 590 million dollars
World Liberty Financial #WLFI , the cryptocurrency project backed by Donald #TRUMP has concluded its token sale after raising the impressive sum of $590 million, a milestone that marks an unexpected turn after a lukewarm start criticized by the cryptocurrency community.
Zak Folkman, co-founder of WLFI, highlighted at the Consensus 2025 event in Hong Kong the key role of Justin Sun, founder of Tron, in this success.
@Justin Sun孙宇晨 , who initially invested $30 million in November 2024 and subsequently increased his stake, was praised by Folkman as a visionary figure who recognized the transformative potential of the project, despite initial scrutiny due to the involvement of the Trump family.
Folkman noted: "Sun saw that this project is a monumental breakthrough for the entire cryptocurrency community".
However, restrictions persist, the WLFI tokens are only available to accredited investors and, for now, are not transferable or tradable on exchanges, with a listing date still to be defined.
This development not only revitalizes the perception of WLFI but also raises questions about the impact of influential figures on the future of decentralized finance.