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Trump and his associates made a $390 million profit from the WLFI token issuance.
BlockBeats News, March 18th, according to Bloomberg, the cryptocurrency project promoted by former U.S. President Donald Trump - World Liberty Financial, has completed its second round of token sale, raising a total of $550 million. WLFI has set aside $30 million for company expenses and other expenditures.
According to the issuance document of World Liberty's initial token sale, Trump and his affiliated company DT Marks DEFI LLC will receive 75% of the net proceeds as fees - totaling $390 million. In addition, token buyers are currently not allowed to resell the tokens and are not entitled to any profits.
The project launched its initial token sale in mid-October last year and promoted it to both U.S. and non-U.S. investors.
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Over-the-counter price of 1 USD, WLFI's valuation has increased by over 65 times in the past 8 months
The WLFI team is composed of two major families, the Trump family and the Witkoff family, as well as three hired expert professionals serving as the CTO, Head of Growth, and Chief Compliance Officer.
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After WLFI goes live, although there may be a pullback, there is a possibility of fund overflow, triggering the start of the second wave.
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33min ago
24H Important News
2026-11-10
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