Trump-backed World Liberty Financial (WLFI) Completes $590M Token Sale

World Liberty Financial (WLFI), the Donald Trump-backed crypto project, has closed its token sale after raising approximately $590 million. The project`s raise of $590 million would put it in the top-10 list of token raises, according to data curated by ICODrops . To date, the largest token sale is EOS, which raised $4.21 billion. EOS is a blockchain platform developed by Block.one, which later founded Bullish, CoinDesk`s owner. On stage at Consensus 2025 in Hong Kong , WLFI co-founder Zak Folkman credited Tron`s Justin Sun with the success of the project`s token sale. After WLFI first launched its sale, its critics called the momentum sluggish. But this changed after Sun invested $30 million into it in November 2024 and later invested more . "When we were launching this project, it was a very heated time," Folkman said during Consensus. "There was a lot of scrutiny on our project due to who was involved." This meant that traditional crypto VCs would not touch the token. "[Sun] saw that regardless of the outcome, this project is a monumental move forward for the entire crypto community," Folkman added during the Consensus panel. Rules around WLFI`s token sale mean that the token was only available to accredited investors and can`t be transferred or publicly sold on exchanges. A date has not been set for an exchange listing.

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Source: CoinDesk