World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches
Trump-backed World Liberty Financial has sold 20% of its token supply and decided to open up an additional 5% of the supply for sales.The cumulative sales of the WLFI token reached $254 million on Sunday, up from around $91 million just a day earlier, according to Dune Analytics data.
World Liberty Financial, the DeFi project associated with President-elect Donald Trump, saw surges in governance token sales after Donald and Melania Trump launched their respective memecoins ahead of Trump’s inauguration on Monday.
The project announced late Sunday night on X that it has “completed” its mission and sold 20 billion tokens or 20% of the 100 billion token supply. The project has now opened up the sale of an additional 5 billion tokens or 5% of the supply. “Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply,” the project said.
World Liberty Financial’s governance token WLFI saw its cumulative sales reach $254 million late Sunday, up from around $91 million a day earlier, according to Dune Analytics data . Onchain data shows the WLFI token has over 34,000 holders among over 44,500 transactions.
Notably, Tron Founder Justin Sun said in an X post on Sunday that Tron DAO has invested an additional $45 million in WLFI, bringing the total investment to $75 million. Sun became an advisor to World Liberty Financial in November after his project poured a $30 million investment into WLFI.
The Sunday surge in WLFI token sales followed the launches of Donald Trump’s and Melania Trump's memecoins. Over the weekend, the President-elect launched an “Official Trump” memecoin, with Melania Trump soon following suit with her memecoin “MELANIA.”
The Official Trump token quickly surged to a high of around $72 and is trading at $44 at the time of writing. Its market cap currently stands at $8.8 billion, with a $44.1 billion fully diluted valuation (FDV). The MELANIA token’s FDV reached $7.6 billion as it continues to see wild fluctuations in price, according to DEXscreener .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell faces the ultimate test: At least three dissenters at the December meeting, Federal Reserve consensus collapses!
The "Fed mouthpiece" reported that internal divisions within the Federal Reserve have intensified amid a data vacuum, with three board members appointed by Trump strongly supporting a dovish stance, while the hawkish camp has recently expanded.
Weekly Hot Picks: Data Disappearance Doesn’t Stop the Fed’s Hawkish Stance! Global Multi-Asset Markets Face “Backstabbing”
The U.S. government shutdown has ended, but the release of key data remains chaotic. The Federal Reserve has sent frequent hawkish signals, causing significant declines in gold, silver, stocks, and currencies on Friday. The U.S. has launched Operation "Southern Spear". Buffett delivered his farewell letter, and the "Big Short" exited abruptly. What exciting market events did you miss this week?
SignalPlus Macro Analysis Special Edition: Is It Going to Zero?
Over the past week, cryptocurrency prices declined once again. BTC briefly reached $94,000 on Monday due to lighter selling pressure before pulling back, and major cryptocurrencies saw further week-on-week declines...
Trending news
MoreCrypto prices
More
