Trump-Backed WLFI Raises $250 Million Amid Criticism in Crypto Community
World Liberty Financial (WLFI), a DeFi initiative backed by the Trump family, has recently raised $250 million in its second public token sale.
Launched in September 2024, the project aims to drive the adoption of decentralized finance and create stablecoins pegged to the U.S. dollar. With endorsement from former President Donald Trump and his sons — Eric, Donald Jr., and Barron — WLFI presents itself as an innovative step toward disrupting traditional banking systems.
So far, WLFI has raised $550 million by selling a quarter of its total token supply. Its first sale in October 2024 raised $300 million, offering 20 billion WLFI tokens at $0.015 each.
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A second round in January 2025 saw a price increase to $0.05 per token, successfully raising another $250 million. Additionally, the project has attracted significant investment from notable figures in the crypto space. Justin Sun, founder of Tron, invested $30 million in November 2024, while Web3Port and Oddiyana Ventures also joined as investors.
Despite its financial success, WLFI has faced skepticism from within the crypto community. Critics argue that the project may be more of a money-making scheme than a true innovation in DeFi. Prominent figures such as Mike Dudas and Andre Cronje have questioned its business model and high fees, suggesting that WLFI is focused on extracting value from the industry rather than offering real utility.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
