According to Foresight News, CoinDesk reported that World Liberty Financial (WLFI), a crypto project supported by the Trump family, sold only 4% of its expected token sales target 24 hours after going online. WLFI sold more than 792.36 million tokens and raised $11 million, failing to reach its $300 million target. The price of each token was $0.015, and the average token purchased by the holder was less than $1,000.
Part of the reason for the waning interest among participants may be due to the nature of the token itself. WLFI, as the platform’s non-transferable governance token, enables users to participate in DeFi activities such as lending and creating liquidity pools, but users cannot sell it to investors at a higher price in the future, thus weakening its prospects as an investment.
