Bumper debut: Donald Trump's World Liberty Financial Token sales hit $220 million in first hour; here's why it is a hit

economictimes.indiatimes.com:

Donald Trump's family project has finally come out in public and its token sale has touched nearly 220 million US dollars in value within the first few hours.

Crypto news: Who made such massive purchases in Trump's WLFI Project?

World Liberty Financial (WLFI), which is the project in this context big and its token sale, with nearly a few 100 million in stock, and shortly after an hour it ended up selling nearly 344 million tokens to around 3000 wallets which is a major deal in purchases of such magnitude in the initial phase. In fact there were initial questions about the authenticity of the wallets that were making the purchase in the first place, but it was found that one of the wallets associated with this particular token, held nearly $4 million worth of Ethereum, along with a million US dollars worth of Tether.

WLFI sets off with a bang

The WLFI token that was introduced in this offering, is reportedly set to serve as a platform governance token which will help users to engage in borrowing lending and other activities much similar to cryptocurrency trades and exchanges. Reports suggest that this project is currently targeting a raising of $300 million at this moment, which means the entire valuation of the project will touch and cross the billion-dollar mark.

Donald Trump and his family has always been very keen on such similar crypto projects, especially his sons Eric and Donald Trump Jr., followed by Barron Trump, who are all crypto geeks and enthusiasts of the new form of financial structure.

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