The presale of the $WLFI token of World Liberty Financial has received increased traction after the release of $TRUMP and $MELANIA memecoins.
World Liberty Financial acknowledged that the $WLFI token would cost $0.015 before its launch, revealing that market reception to the project had been strong. The company’s new update to its investors revealed that it sold 20% of the tokens, and over 34k wallet holders, including TRON DAO, bought 3 billion tokens.
Rising demand sparks additional token supply
WLFI tokens are now more popular than ever, and in response to this, World Liberty Financial has released an additional 5% of such tokens. This was because the company said it had received votes from investors showing an interest in it. The project had a supply of 100 billion tokens and announced that it sold state for $90 million, with TRON DAO investing $30 million. Justin Sun, working as an advisor in $WLF,heI recently bought 68,520,489 tokens for $15,000,000 USDT, where he founded the TRON blockchain network.
The firm has responded to recent concerns regarding its financial operations, stating that recent operations were in line with normal treasury operations involving fees and expenses. The project said the media needed to know it was not selling tokens but moving the money to ensure the treasury was solid and fortified.
Impact of $TRUMP and $MELANIA tokens
An app called Sekurit Wire launched the $TRUMP token three days before Donald Trump’s inauguration, and its value skyrocketed from a few cents to $33.87 in one day. However, the $TRUMP token crashed by 45% after Melania Trump issued her own $MELANIA token before rising back up again. This sparked interest in the $WLFI project as the $MELANIA token rose to a $12 billion market cap within two hours of launch. The $TRUMP token has been valued at $ 52.95 after gaining a 40% hike in the last 24 hours.
Future collaborations and staking plans
WLF is considering Ethena Labs’ acquisition plan, which entails incorporating sUSDe tokens into WLF to give users better liquidity and collateral. The rationale for the above cooperation is that one primary goal is to enhance financial performance and raise the number of potential investors. As the organization enjoys increased support and more people are paying attention to decentralized finance, $WLFI is now a major contender in the sector.