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World Liberty Financial opens up more tokens for sale amid soaring demand

World Liberty Financial opens up more tokens for sale amid soaring demand

World Liberty Financial (WLFI), a DeFi platform associated with Donald Trump, is seeing a sudden surge in demand for its token pre-sale.

The project initially sought to raise $300 million during its token sale but scaled back its target to $30 million after facing fundraising challenges. However, on Jan. 20, WLFI confirmed that it successfully sold 20% of its total token supply during its pre-sale phase and revealed plans to unlock an additional 5% of the tokens for sale due to the overwhelming demand.

It stated:

“Great news! An additional 5% of our token supply is now available to purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community!”

The project advised interested buyers to “only purchase using the link in our bio to avoid scams.”

Market observers have linked the sudden heightened interest to Trump’s launch of an “official meme coin” on the Solana blockchain during the weekend. This bolstered confidence in the President-elect’s crypto-positive outlook, with many viewing his influence as a catalyst for growth in the blockchain industry.

Meanwhile, WLFI’s sell-out marks a complete turnaround for a project that had previously struggled in its fundraising efforts.

Since Trump’s political win in November, WLFI has experienced remarkable growth, with its token profits increasing by 95% to $300 million, according to Dune Analytics data.

Justin Sun’s role

Notably, one of the many believers in the token is Justin Sun, founder of the Tron blockchain.

On Jan. 20, he revealed that he invested an additional $45 million in the DeFi platform, following his earlier contribution of $30 million. This brings Tron’s total backing of the project to $75 million.

He wrote:

“We are continuing to increase our investment in World Liberty Financial, with an additional $45 million, bringing the total investment to $75 million.”

Blockchain analytics platform Nansen revealed that Sun acquired 1…

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