Donald Trump’s World Liberty Financial Lowers $300M Public Sale Target
Highlights
- Donald Trump's World Liberty Financial has reduced the target for its public sale from $300 million to $30 million.
- The crypto project revealed in a SEC filing that they will close the WLFI token public sale once they reach this target.
- Trump promises to end Kamala Harris' war on crypto.
Donald Trump’s World Liberty Financial has lowered its pubic sales target of $300 following its disappointing sales since the WLFI token sale launched two weeks ago. The company revealed its new target for public sale in a filing with the US Securities and Exchange Commission (SEC).
Donald Trump’s WLF Lowers Public Sale Target
World Liberty Financial revealed in an SEC filing that it currently only plans to sell up to $30 million in its WLFI token public sale before terminating the crypto presale. This is a 90% reduction from the company’s initial $300 million when they launched the WLFI token public sale two weeks ago.
This development is likely due to their unimpressive figures so far, as the company is still far from meeting its $300 million target. The filing revealed that the Donald Trump-backed company had sold about $2.7 million worth of WLFI tokens. Meanwhile, they still have about $285.7 million worth of tokens remaining to be sold.
Based on the new $30 million target for the public sale, the company still has about $27.3 million worth of WLFI tokens, which it still has to sell before the public sale closes. Meanwhile, according to a Fortune report, Donald Trump’s World Liberty Financial is also planning to launch its dollar-backed stablecoin. However, the company has yet to provide a timeline for when they will launch this stablecoin.
This stablecoin will likely play a huge role in the World Liberty Financial platform, which seeks to offer decentralized lending and borrowing services using the Ethereum-based Aave DeFi protocol.
Former US President Promises To End War On Crypto
In an X post, Donald Trump reaffirmed his pro-crypto stance and urged voters to join him in ending Kamala Harris’ war on crypto and ensuring that Bitcoin is “made in the USA.” He also wished Bitcoiners a happy 16th anniversary of Satoshi Nakamoto’s Bitcoin Whitepaper.
The crypto community has rallied behind Donald Trump because of his pro-crypto stance and hopes that the former US president will win in the upcoming November 5 elections. A Trump victory could be bullish for the Bitcoin price and the broader crypto market. The latest Polymarket data suggests that the former US president is still the clear favorite to become the next president.
Meanwhile, while the crypto community is banking on a Trump victory to help boost prices, BitMEX co-founder Arthur Hayes remarked that BTC will still reach new highs irrespective of who wins. He also indicated that Donald Trump’s pro-crypto stance wasn’t genuine.
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