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Trump Family Project Crypto Project WLFI Achieves Only 4% of Its Expected Token Sales Goal in 24 Hours Online

Trump Family Project Crypto Project WLFI Achieves Only 4% of Its Expected Token Sales Goal in 24 Hours Online

Bitget2024/10/16 16:26

Trump family-backed crypto project World Liberty Financial (WLFI) has reportedly achieved just 4 per cent of its projected token sales goal in the 24 hours since it went live.WLFI sold more than 792.36 million tokens and raised $11 million, falling short of its $300 million goal.

With each token selling for $0.015, the average holder purchased less than $1,000 worth of tokens. Part of the reason for the waning interest from participants may be due to the nature of the tokens. wlfi serves as the platform's non-transferable governance token, enabling users to participate in DeFi activities such as lending and creating liquidity pools, but users are unable to sell them to investors in the future at a higher price, which diminishes their attractiveness as an investment.

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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.

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