World Liberty Monetary (WLFI), the Donald Trump-backed crypto undertaking, has closed its token sale after elevating roughly $590 million.
The undertaking’s increase of $590 million would put it within the top-10 record of token raises, in response to information curated by ICODrops. To this point, the most important token sale is EOS, which raised $4.21 billion.
EOS is a blockchain platform developed by Block.one, which later based Bullish, CoinDesk’s proprietor.
On stage at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Tron’s Justin Solar with the success of the undertaking’s token sale.
After WLFI first launched its sale, its critics known as the momentum sluggish. However this modified after Solar invested $30 million into it in November 2024 and later invested extra.
“After we have been launching this undertaking, it was a really heated time,” Folkman stated throughout Consensus. “There was plenty of scrutiny on our undertaking on account of who was concerned.”
This meant that conventional crypto VCs wouldn’t contact the token.
“[Sun] noticed that whatever the end result, this undertaking is a monumental transfer ahead for your entire crypto neighborhood,” Folkman added in the course of the Consensus panel.
Guidelines round WLFI’s token sale imply that the token was solely accessible to accredited traders and cannot be transferred or publicly offered on exchanges. A date has not been set for an change itemizing.