World Liberty Financial Raises $590M in $WLFI Token Sale

World Liberty Financial, a crypto investment firm backed by Trump, raised $590 million in the $WLFI token sale. Key details include:

Total token supply is capped at 100 billion.
20% (20 billion tokens) were available for initial sale at $0.015 each.
Initial sales raised about $300 million; a second round raised $250 million at $0.05 per token.
Justin Sun invested $30 million, becoming an advisor, while Web3Port added $10 million.
63% of total tokens are planned for sale, but only 25% have been sold, indicating future rounds may occur at higher prices.

Key implications for the crypto market:

Trump's support could enhance crypto visibility and acceptance.
World Liberty Financial promotes US-backed stablecoins, aiming to bolster the dollar.

Current portfolio includes $19.83 million in stablecoins (20% of total investments). The total stablecoin market supply is around $219 billion, indicating growth potential. WLFI holds $41 million in ETH, making up 40% of its portfolio.

Market conditions show institutional investors are adding crypto assets, keeping supply stable despite declining prices in major cryptocurrencies like ETH.

Investors should remain cautious, conduct thorough research, and consider market volatility when investing in crypto assets.