-
Sales of the token exceeded $250 million.
-
The project is led by Donald Trump Jr. and Eric Trump, the sons of the US president-elect.
In the last few hours, sales of the governance token of World Liberty Financial (WLFI), the decentralized finance project associated with the president-elect of the United States Donald Trump, have skyrocketed.
In advance of the Republican leader’s inauguration, the promoters of the project reported through the official account of X de World Liberty Financial that 20 billion tokens were sold. The platform’s supply limit is set at 100 billion tokens.
“Due to massive demand and overwhelming interest, we have decided to open an additional 5% block of the token supply,” they explained.
According to Dune Analytics, A total of 44,500 WLFI transactions were carried out for a total of sales of 300 million dollars. The data reflects that the tokens are in the hands of 34,000 holders.
WLFI’s quote is $0.00000000002285 and its trading volume in the last 24 hours is $6 million.
As reported by NoticiasVE, the project will offer cryptocurrency lending services on Ethereumsimilar to the wide range of existing applications in DeFi.
In turn, it should be noted that the platform under the control of Donald Trump Jr. and Eric Trump partnered with Aave to “provide a secure, accessible and easy-to-use DeFi experience for everyone.”
Another issue to highlight is that World Liberty Financial is supported by Justin Sunfounder of the Tron network.
In a post by
In addition to WLFI, Trump launched his own memecoin on Saturday, January 18, which saw one of the fastest rises in history. In less than three days, reached a market capitalization of more than $10 billion.
Since its launch, the meme cryptocurrency has increased its price by 600% and reached an all-time high of $75. Currently, its price is $49.90.
The truth is that the digital asset market is experiencing hours of high volatility in the run-up to Trump’s inauguration, in his second term.
As NoticiasVE reported, bitcoin (BTC) hit a new all-time high (ATH) of $109,000reflecting market expectations regarding the possible confirmation of Trump’s promise to create a strategic reserve of the most valuable asset on the market. Additionally, it is expected to push for favorable regulation to promote the growth of the digital asset industry in the United States.