- WLFI raises $550M through public sales, backed by Trump family and major investors.
- Institutional support grows, with investments from Justin Sun, Web3Port, and Oddiyana Ventures.
- Community concerns rise over WLFI’s fees, reinvestment model, and long-term sustainability.
The second public token sale of World Liberty Financial, a decentralized finance (DeFi) initiative supported by the Trump family, has been successfully completed. The entire amount raised through public sales now stands at $550 million, including $250 million from the most recent round.
WLFI Gains Momentum with Strong Investor Demand
WLFI launched on Sept. 16, 2024, with the goal of promoting DeFi and stablecoins pegged to the US dollar. Supported by Donald Trump and his sons Barron, Donald Jr., and Eric, the initiative aims to replace traditional banking institutions and encourage financial innovation.
Its first token sale, which opened on Oct. 15, 2024, netted the company about $300 million by selling 20 billion WLFI tokens for $0.015 each. On Jan. 20, the company announced another round of token sales “due to massive demand and overwhelming interest,” offering 5 billion tokens at $0.05 each — a 230% price increase from the first sale. The sale, completed on March 14, met its full target of $250 million.
Institutional Investors Back WLFI with Significant Funding
Beyond public token sales, World Liberty Financial has attracted investments from key players in the crypto industry. On November 25, 2024, Tron founder Justin Sun committed $30 million to the project, securing 2 billion WLFI tokens at the initial sale price.
Additional funding followed, with investment platform Web3Port announcing a $10 million contribution on January 27. The company expressed interest in further purchases and hinted at a long-term partnership with World Liberty Financial.
On February 11, venture capital firm Oddiyana Ventures confirmed a strategic investment in WLFI. While the exact amount remains undisclosed, the firm acknowledged its financial support for the project.
Community Concerns Surface Over WLFI’s Business Model
Despite raising over half a billion dollars, World Liberty Financial faces scrutiny from within the crypto community. Some industry experts have raised concerns about the project’s value proposition and sustainability.
In a statement on social media platform X, 6MV managing partner Mike Dudas referred to WLFI as a “pay-to-play” scheme rather than a legitimate DeFi gateway for new users. Meanwhile, Yearn.finance creator and Sonic Labs co-founder Andre Cronje questioned the project’s high fees and reinvestment strategies. He suggested that the company extracts value from crypto firms without providing significant utility.
World Liberty Financial has not publicly addressed these criticisms. The company continues to expand its presence in the DeFi space, securing major investments while positioning itself as a key player in the sector.
Having collected $550 million through public sale and additional support from institutional investors, World Liberty Financial continues to be a major force in the DeFi market. However, there are still issues in the crypto world with its economic strategy. Long-term project success will depend on the project’s capacity to resolve these problems and preserve investor trust.
