7 hours ago
On-chain information shows that the task has raised astir $590 cardinal betwixt 2 pre-sales.
Mar 14, 2025, 6:39 a.m. UTC
World Liberty Financial (WLFI), the Donald Trump-backed crypto project, has closed its token merchantability aft raising astir $590 million.
(World Liberty Financial)
The project's rise of $590 cardinal would enactment it successful the top-10 database of token raises, according to information curated by ICODrops. To date, the largest token merchantability is EOS, which raised $4.21 billion.
(ICODrops)
EOS is simply a blockchain level developed by Block.one, which aboriginal founded Bullish, CoinDesk's owner.
On signifier astatine Consensus 2025 successful Hong Kong, WLFI co-founder Zak Folkman credited Tron's Justin Sun with the occurrence of the project's token sale.
After WLFI archetypal launched its sale, its critics called the momentum sluggish. But this changed aft Sun invested $30 cardinal into it successful November 2024 and later invested more.
"When we were launching this project, it was a precise heated time," Folkman said during Consensus. "There was a batch of scrutiny connected our task owed to who was involved."
This meant that accepted crypto VCs would not interaction the token.
"[Sun] saw that careless of the outcome, this task is simply a monumental determination guardant for the full crypto community," Folkman added during the Consensus panel.
Rules astir WLFI's token merchantability mean that the token was lone disposable to accredited investors and can't beryllium transferred oregon publically sold connected exchanges. A day has not been acceptable for an speech listing.
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
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