The Trump -backed encryption project closes the sale of the distinctive symbol after collecting $ 590 million

The International Financial Initiative (WLFI) concluded the cryptocurrency project supported by US President Donald Trump, its symbolic sale.

During this process, it raised about $ 590 million. This places WLFI among the top 10 numbers of the distinctive symbol in history, according to what I mentioned Data From icodrops.

WLFI Selling Code

Unlike the traditional cryptocurrencies that can be traded freely, WLFI symbols were exclusively available to accredited investors, with restrictions that prevent public trading or transportation. In addition, no timetable for a possible exchange list has been announced.

WLFI was launched in September 2024 in an attempt to enhance decentralized financing (Defi) and encourage the US dollar Stablecoins to enhance US dollar dominance in global markets. The project’s main offer is a Defi lending platform.

The governance code, WLFI, was offered for sale on October 15 and initially targeted $ 300 million. The sale offered 20 billion icons at 0.015 dollars each, but it faced twice the demand and attracted only $ 11 million from 766 million icons sold. In response, the donation collection goal has been reduced to $ 30 million.

The interest in WLFI increased after the popularity of the Trump -related metal currencies, such as the official Trump (Trump) and the official Melania (Melania). By January 20, the initial sale ended, with 20 % of the total offer was sold. Upon realizing the increasing demand, the project issued 5 billion additional code at $ 0.05 each, which was almost sold by March 13.

WLFI holders will have the rights to govern on WLF protocol; However, the symbols will remain unwitting for 12 months after launch.

One of the most important investors in WLFI is the founder of TON, Justin Sun, who bought $ 30 million of distinctive symbols in late November, becoming the best position of investor at that time.

WLFI wallet with a loss of $ 124 million

Meanwhile, Lookonchain open The wallet of this global initiative, Liberty Financial, has decreased from 9 of the $ 124 million encryption, with some of the largest losses coming from Bitcoin Copt (AAVE), and TRX (TRX) as a result of the market disorder this week.

Interestingly, the WLFI wallet is highly likely in Ethereum, which constitutes 65 % of its property. The company acquired ETH at an average cost of 3,240 dollars per code, but with a decrease in the price to about 1900 dollars at the time of the press, the decrease in the value of Altcoin has significantly affected the total losses.