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Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions
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Breaking News: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions

Trump-Backed World Liberty Financial (WLFI) Raises $550M In Second Token Sale

Ronaldo Marquez
Ronaldo Marquez
6 months ago
3 mins read
Crypto

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World Liberty Financial (WLFI), a decentralized finance (DeFi) platform associated with President Donald Trump, has made headlines this week by announcing that it has successfully raised a staggering $550 million through a series of token sales. 

World Liberty Financial Token Sales

Zach Witkoff, co-founder of World Liberty Financial, expressed his enthusiasm about this achievement in a statement to Fortune: “This milestone proves that those who truly understand crypto and finance recognize what we’re building—and that WLFI is on track to supercharge DeFi as it transforms global finance in the coming years.” 

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According to Fortune, the Trump-backed crypto company sold WLFI tokens in two separate sales, amounting to $300 million and $250 million, although the specific dates of these sales remain undisclosed. The WLFI tokens, which were marketed both domestically and internationally, attracted over 85,000 investors.

However, it’s worth noting that approximately 75% of the net revenue generated from these token sales is slated to benefit a different entity affiliated with Trump and his family, as outlined in a 13-page document released by World Liberty Financial.

Initially launched in October, the WLFI token is designed to empower holders to propose and vote on changes to the World Liberty Financial platform. Yet, it is crucial to highlight that the tokens are non transferable and do not generate returns, which raises questions about their value as an investment vehicle.

Millions Invested In Ethereum, Bitcoin, And Tron

In a strategic move to bolster its position in the cryptocurrency market, World Liberty Financial has acquired millions of dollars’ worth of prominent cryptocurrencies, including Ethereum (ETH), Bitcoin (BTC), and Tron. 

However, such moves have raised major concerns about potential conflicts of interest between President Trump and investments made by World Liberty Financial, as well as the recently launched TRUMP memecoin. 

Per the report, these acquisitions are part of a broader strategy to establish a robust token reserve, aimed at strengthening leading cryptocurrency projects while diversifying the company’s treasury.

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Moreover, World Liberty has reportedly formed key partnerships with influential players in the crypto industry, including other DeFi platforms such as ONDO Finance, Sui, and Aave. 

Notably, Justin Sun, the founder of the Tron blockchain, has invested $75 million in World Liberty Financial since Trump’s election in November, further solidifying the platform’s connections within the crypto space.

Witkoff emphasized that the recent token sales are merely the beginning for World Liberty Financial. “We’re gearing up to launch a wave of disruptive technology that will redefine the boundaries of what’s possible with digital assets,” he stated.

World Liberty Financial
The daily chart shows the total crypto market cap valuation at $2.6 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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