World Liberty Financial, a DeFi project linked to President-elect Donald Trump, experienced a significant increase in governance token sales after Trump and Melania Trump introduced their memecoins.
The project announced on X that it has successfully sold 20 billion tokens, which is 20% of its total supply of 100 billion tokens. Due to high demand, an additional 5 billion tokens (5% of the supply) are now available for sale.
As of late Sunday, the sales of World Liberty Financial’s governance token, WLFI, reached $254 million, a substantial rise from $91 million the previous day. Onchain data indicates that WLFI has over 34,000 holders and more than 44,500 transactions.
Justin Sun, the founder of Tron, revealed on X that Tron DAO has invested an extra $45 million in WLFI, increasing its total investment to $75 million. Sun became an advisor to World Liberty Financial in November after a $30 million investment from his project.
The surge in WLFI token sales coincided with the launches of the Trump memecoins. Donald Trump introduced the “Official Trump” memecoin, which quickly rose to a peak of around $72 and is currently trading at $44. Its market cap is around $8.8 billion, with a fully diluted valuation (FDV) of $44.1 billion. Melania Trump also launched her memecoin, “MELANIA,” which has an FDV of $7.6 billion and is experiencing significant price fluctuations.
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