Key Takeaways:
World Liberty Financial, a decentralized finance (DeFi) platform endorsed by Donald Trump, is up over 10% today as the US Presidential election tips heavily in favor of the Republican candidate.
WLFI Token Sale Raises Nearly $300 Million in Under Two Weeks
The network’s native WLFI cryptocurrency was launched to much fanfare on October 15, and a surge of interested buyers looking to get a piece of the pie led to the website crashing multiple times. This made it unavailable to access for some buyers.
Trump took to X to announce that the World Liberty Financial Token was live. He urged his followers to adopt the “incredible technology” before adding that “crypto is the future”.
Despite the technical hindrances, the token sale was deemed a success after raising $220 million within the first hour. But this fell short of its target of $300 million for a total valuation of $1.5 billion. The company was able to sell 523 million tokens during the launch.
The Trump-backed crypto project aims to sell 19.355 billion WLFI in total. Interested buyers can make their purchase using ETH, USDT, USDC, or Wrapped Ether (WETH).
World Liberty Financial is a Solana-based initiative that aims to empower financial autonomy through a governance token that allows holders to influence the protocol’s various parameters and vote on matters.
The DeFi platform is focused on offering services such as borrowing and lending, primarily with stablecoins. The token sale will initially be limited to accredited US investors, with the issuer stating that WLFI is not registered under the US Securities Act or with the Securities and Exchange Commission (SEC).
The launch of World Liberty Financial has generated ethical concerns due to Trump’s involvement in both business and politics. Critics are worried that his position on the matter could lead to conflicts of interest, especially if he were to regain the presidency.
World Liberty Financial’s Best-performing Month Expected to be in January 2025
WLFI currently has a market capitalization of $266.33K while obtaining a 24-hour trading volume of $12.22K – down over 60% since yesterday. The token has lost over 20% of its value in the last 24 hours as market sentiment is currently “Bearish”.
Fear and Greed Index is at 70, showing “Greed”, which indicates increased interest in WLFI. Over the last 30 days, WLFI recorded 15 days in the green zone with a price volatility of 45.72%.
With a positive market trend that was observed for the coin over the last month, World Liberty Financial is expected to prolong that trend this month. Its price is expected to increase by nearly 300% compared to September, offering investors a potential return in the same range.
In 2025, WLFI is forecasted to trade between $0.00000000001679 at its lowest and $0.000000003975 at its peak, with the token expected to change hands at an average price of $0.00000000002540. Predictions say that the most bullish month for WLFI could be January as it is also the time when the new President takes charge of the White House. With a Trump presidency on the cards, the future looks bright for World Liberty Financial.
At the time of writing, WLFI is trading at $0.000000000008420 – down 21% in the last 24 hours.
Read More: Dogecoin (DOGE) Continues Bull Run After Surging 12% In 5 Days
