World Liberty Financial sells over 24 billion WLFI governance tokens

World Liberty Financial revealed on its official website that it has sold over 24.07B of its WLFI governance tokens. The yet-to-launch crypto platform promoted by U.S. President Donald Trump and his sons also has 926.998M WLFI tokens remaining for sale.

Onchain data revealed that the WLFI governance token currently has over 80,000 holders among 119,000+ transactions. The firm is also reportedly using Aave on the backend to run a segregated instance with stronger KYC controls than the original decentralized lending protocol.

World Liberty Financial sells over 24B WLFI tokens

World Liberty Financial appears to have sold more than 96% of its tokens after an initial slow start about four months ago. A chart on its website shows that it has sold more than 24 billion of its WLFI governance tokens, with fewer than 1 billion of the tokens yet to be sold.

As per WLF’s official site, each WLFI token costs $0.05, making the total sale come to around $1.25 billion. WLFI tokens went on sale in mid-October, with plans to raise $300 million at a $1.5 billion valuation through the initial token sale.

The crypto project had an initial plan to offer 20% of its 100 billion WLFI tokens after launching its DeFi platform in September last year. WLF later decided to extend its token sale by 5% to capitalize on the rapid uptake of tokens at increasing price points and raise more funds for its ongoing development.

“We’re making routine movements of our crypto holdings as part of regular treasury management and payment of fees and expenses and to address working capital requirements. To be clear, we are not selling tokens–we are simply reallocating assets for ordinary business purposes.”

– World Liberty Financial .

The crypto project maintained that the sale was intended to be part of maintaining a strong, secure, and efficient treasury. WLFI also argued that the routine movements of WLFI tokens was just standard practice for managing operations at WLFI.

WLF’s official site highlights that WLFI tokens play a key governance role within the platform beyond fundraising. WLFI holders have voting rights on community proposals, which allows them to influence the future direction of the project. The tokens are also non-transferable and cannot be sold or traded, which ensures they are used exclusively for governance purposes. 

WLF disclosed that the Trump family held a majority stake in the project and is entitled to 75% of its revenue and a number of tokens. The surge in the project’s sales follows its recent announcement of a strategic token reserve designed to mitigate market volatility. 

World Liberty Financial reveals a strategic token reserve

World Liberty Financial announced on Wednesday their strategic token reserve called “Macro Strategy.” The firm acknowledged that the initiative was designed to bolster leading projects like Bitcoin, Ethereum, and other digital assets. WLF said it aims to mitigate market volatility and ensure a resilient financial ecosystem by diversifying their holdings across a spectrum of tokenized assets.

The Trump-backed project revealed that the reserve will empower investments in innovative projects within the DeFi landscape. Macro Strategy is also aimed to support the DeFi ecosystem development and seize emerging opportunities in the space.

The crypto project also said it made strategic partnerships with traditional financial institutions to contribute tokenized assets to their reserve. WLF highlighted that partnerships with traditional financial institutions will provide institutions with transparent exposure to the crypto community. The firm also added that the partnerships will help institutions to directly engage with WLF’s community for innovative market opportunities.

WLF currently holds significant positions in various cryptocurrencies, such as $48.39 million of Ethereum, $9 million of Wrapped Bitcoin (WBTC), and $9.8 million of Tron (TRX).

The firm also acquired 342,000 ONDO tokens for $470,000 USDC and expanded its ETH holdings through a $5 million Coin swap. Srikumar Misra, founder of AI crypto protocol Aarna, said that not everything had gone smoothly for WLF. Misra revealed that WLFI’s recent purchases of multiple tokens had led to losses exceeding $21.78M. The Indian serial entrepreneur added that a major hit came from buying 56,317 ETH at $3,373 per ETH, which led to a $14M loss.

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