After months of lackluster sales, the Trump family’s decentralized finance (DeFi) project World Liberty Financial received an infusion of support on Monday from none other than Justin Sun, the founder of the Tron blockchain. 

Sun confirmed the purchase of $30 million worth of World Liberty’s governance token, WLFI, to his followers on X (formerly known as Twitter). The project had previously sold slightly more than $20 million worth of the tokens, meaning that Sun now controls a healthy majority of the Ethereum-based WLFI tokens currently in circulation.

When World Liberty initially launched in late September, it sought $300 million in WLFI sales. Once the project opened to sluggish demand, however, it slashed that goal by 90%, to just $30 million in token sales.

Even that modified goalpost, however, proved elusive. Only today, with Sun’s massive token purchase, did the project finally eclipse $30 million in sales, effectively bringing its initial token offering to a close. The project said in an October filing with the U.S. Securities and Exchange Commission (SEC) th

Go to Source to See Full Article
Author: Sander Lutz