World Liberty Financial Closes Token Sale After Raising $590 Million
World Liberty Financial (WLFI) has concluded its token sale, raising approximately $590 million. This amount ranks WLFI among the top-10 token raises in history, following EOS, which raised $4.21 billion.
Key points:
- WLFI co-founder Zak Folkman credited Justin Sun of Tron for the sale's success.
- Sun's investment of $30 million in November 2024 boosted initial sluggish momentum.
- The token sale was limited to accredited investors; it cannot be transferred or publicly sold on exchanges.
- No date has been announced for an exchange listing.
Folkman noted that traditional crypto VCs avoided the project due to scrutiny over its affiliations.