World Liberty Financial Opens Up 5% More Tokens Due to Overwhelming Demand
Highlights:
- Donald Trump-backed crypto investment outlet has expanded its WLFI tokens supply by 5%.
- The increment became necessary after the platform sold off all the tokens mapped out for its presales.
- World Liberty Financial said traders should ensure they make their purchases through its verified website.
On January 20, World Liberty Financial, a crypto investment firm backed by the incoming United States President Donald Trump, announced that it expanded its dedicated token, WLFI supply, by 5%. The new development comes a few hours after the crypto investment firm announced that it has sold off 20% of its initial token supply.
World Liberty Financial wrote on X:
“We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply,”
It is worth noting that 20% was the portion of the initial WLFI supply mapped out for sales. Following the supply expansion, World Liberty Financial stated that the new set of tokens is now available for trading on its verified website. It warned intending investors not to use any other website for the purchase so they don’t get scammed.
Great news! An additional 5% of our token supply is now available to purchase on our website. We appreciate the overwhelming support and look forward to welcoming so many new people to our community! 🦅🇺🇸🦅
Please only purchase using the link in our bio to avoid scams.
— WLFI (@worldlibertyfi) January 20, 2025
Factors Responsible for the Massive Token Accumulation
It is no longer news that Donald Trump will be inaugurated today as the United States’ 47th president. Hence, it is normal for every crypto entity linked to the incoming president to experience remarkable price increments. The price surge played out in the recently launched TRUMP meme coin.
As of yesterday, the token jumped significantly, as it attained an all-time high of about $73.43 within 48 hours of gracing the crypto market. During its tremendous price spike, TRUMP surpassed Shiba Inu’s (SHIB) market cap and briefly ranked as the second most valuable meme token.
While it retraced following the release of Trump’s wife, Melania memecoin (MELANIA), the token has since recovered. At the time of writing, it is priced at approximately $53.96, reflecting a 15% decrement in the past 24 hours.
Within the same timeframe, TRUMP’s minimum and maximum price limits have fluctuated between $40.17 and $73.43. The price extremes highlighted the memecoin’s massive rally and present recovery, which saw it attract considerable interest from market participants.
As stated earlier, the raised crypto traders’ interests spread to other cryptocurrencies related to Trump. This includes his wife’s MELANIA memecoin and the World Liberty Financial investment firm native token, WLFI. Therefore, it explains the reason for the depletion of WLFI’s initial supply.
WLFI Record Incredible Price Surge
The initial mapped-out 20% token supply was meant to serve for the token’s presale. Notably, the investment firm planned to raise $300 million by selling 20 billion WLFI tokens. However, following the initial supply sales completion, reports have emerged claiming that the new set of WLFI tokens are trading at higher prices, estimated to be about 230% above the initial sales price.
Based on the amount raised and total tokens sold, the initial WLFI market price could be estimated to be $0.015. Hence, a 230% increment implies that the tokens probably sold around the $0.0495 price region. In the report relaying the price increment, the significance of potent hype was spotlighted as one of the main driving forces responsible for the price spike and soaring token demands.
However, considerable concerns emerged about the potential of the WLFI tokens to maintain the same momentum when the euphoria about Trump’s inauguration dies down. For now, market observers will continue hoping that the token sustains its current momentum.
$WLFI Token Skyrockets After Initial Drop
Trump-backed World Liberty Financial’s token is now trading at around a 230% markup after its first sale, fueled by “massive demand.”
Big moves like this show you the magic of getting the right hype behind a token – but whether $WLFI… pic.twitter.com/dIciPsYM85
— Mario Nawfal’s Roundtable (@RoundtableSpace) January 20, 2025
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Chinedu Agbakwusi
Chinedu Agbakwusi is a news writer and editor for Crypto2Community. He is a crypto enthusiast with vast experience across several crypto-related projects and platforms. Chinedu has been following the development of the crypto market for several years, and he is optimistic about its potential to democratise the global financial system. He hopes to be a reliable plug for reporting trends and breaking down complex concepts to his readers. Agbakwusi's previously written for several crypto news including Times Tabloid, UPay, while also contributing over the years to many others leading media publications.
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