Trump Promotes New Crypto Project Despite Initial Token Sale Shortfall

Donald Trump, U.S. Republican presidential candidate, recently used social media platform X to promote World Liberty Financial (WLFI), a crypto initiative linked to his family. His endorsement followed a less-than-expected outcome in the initial token sales, with the project failing to hit its target in early stages.

Slow Start for WLFI Token Sale

World Liberty Financial’s WLFI tokens, which are designed to function as governance tokens for the platform, debuted on Tuesday. The token enables users to engage in various decentralized finance (DeFi) activities, such as borrowing, lending, and setting up liquidity pools. However, by the end of the day, only $9 million worth of tokens had been sold, accounting for just 3% of the total tokens made available to the public.

In response to the sluggish sales, Trump made a public push for the project, posting on X, “Today’s the day!” His announcement, however, did not immediately trigger a notable spike in purchase volume. Many tokens—over 540 million—had already been acquired by users before Trump’s post, but sales remained slow after his endorsement.

Technical Issues Hamper Launch

The WLFI token sale faced technical challenges from the start. The platform’s website experienced multiple outages on its launch day, further contributing to the lukewarm response. These issues made it difficult for potential buyers to participate, which may have hindered the initial sales momentum.

Despite the slow start, Trump’s endorsement has generated attention for the project. It remains to be seen if the token sale will pick up in the coming days as the technical problems are resolved.