Trump-Linked Crypto Project WLFI Completes $590M Token Sale Amid Investor Scrutiny
World Liberty Financial (WLFI), a cryptocurrency project backed by Donald Trump, has wrapped up its token sale, raising approximately $590 million across two pre-sales, according to on-chain data.
With this raise, WLFI now ranks among the top 10 largest token sales in history, based on data from ICODrops. The record-holder remains EOS, which secured $4.21 billion during its fundraising.
EOS, created by Block.one, later played a role in launching Bullish, the parent company of CoinDesk.
Speaking at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman acknowledged Tron’s Justin Sun as a major catalyst in the project’s fundraising efforts.
“When we first introduced WLFI, skepticism around the project was intense due to its political ties,” Folkman stated. “Traditional crypto investors were reluctant to engage.”
The project gained momentum after Sun contributed an initial $30 million investment in November 2024, followed by additional capital infusions that bolstered its standing.
“Justin saw beyond the politics and recognized the broader implications WLFI could have for the crypto industry,” Folkman explained during the panel discussion.
Due to regulatory restrictions, WLFI’s token sale was open only to accredited investors. The token remains non-transferable and unavailable for trading on public exchanges, with no listing date currently set.
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