Trump's encryption project WLFI completed a $590 million Token sale, with Sun Ge as the backstage hero

The Cryptocurrency project World Liberty Financial (WLFI) supported by US President Trump successfully completed its Token sale yesterday, raising approximately $590 million, making it one of the top ten historical Token fundraising projects.

WLFI successfully completed a $590 million Token sale

The official website of WLFI shows that WLFI raised approximately $590 million during the two rounds of Token presale, making it one of the largest fundraising projects in Crypto Assets history.

According to the data from ICODrops, WLFI's fundraising amount has entered the top ten Token fundraising rankings, but still far behind the historically highest fossil-grade public chain EOS fundraising of 4.21 billion USD.

Sun Ge invested 75 million US dollars twice to help the sales succeed

At last month's Consensus conference in Hong Kong, WLFI co-founder Zak Folkman said that the success of this Token sale is closely related to the 'throwing a brick to attract jade' strategy of Justin Sun, the founder of Tron, (Justin Sun).

When we launched this project, the market was in turmoil, and the controversy among project-related personnel made many traditional encryption venture capital institutions unwilling to participate.

Folkman admitted at the conference that WLFI was once questioned by the market and received a tepid response from investors during early sales. However, in November 2024, Sun Yuchen took the lead by investing $30 million and further increased his investment later on, becoming a project consultant, which significantly boosted market confidence and led to a substantial increase in fundraising.

(Trump encryption project adds WLFI Token supply! Sun Yuchen: Inject another 45 million euros into WLFI)

WLFI Token is not yet listed

On January 20, WLFI announced that the first round of Token sales has been completed, selling 20% of the total supply of Token WLFI, raising a total of 300 million U.S. dollars. Later, due to strong market demand, it was decided to increase the Token supply by an additional 5% and raise the price of WLFI Token from the original 1.5 cents to 5 cents.

In addition, the sales rules of WLFI Token are quite strict, limited to qualified investors only, and cannot be publicly traded on exchanges or transferred directly. The measure of not announcing the listing time at present also makes the market pay special attention to its future development.

WLFI: The best advertising tool for encryption projects

However, the project has also faced severe criticism from the encryption community, mainly due to issues such as public wallet holding losses and close ties to the Trump family, suspected to be a political marketing tool.

(Trump's encryption project WLFI promotes the inclusion of Sui Token in the strategic reserves, another political marketing move?)

Outlier Ventures partner Rumi Morales once said:

The original intention of Crypto Assets is to break free from government control, but WLFI seems to be getting involved with politics, contrary to the spirit of decentralization.

She warned that if the SEC(SEC) of the United States investigates it, the consequences will be very serious.

Investment advisor Alexander Blume pointed out more directly: "WLFI's Token holders cannot exchange reserve assets, this model is more like a scam, and the Trump family is just using political influence to profit."

(Investment advisor comments on the clever scam WLFI project created by political forces around Trump's encryption)

This article, Trump's encryption project WLFI completed a $590 million Token sale, with Sun Ge as the backstage hero, first appeared on Chain News ABMedia.