The cryptocurrency project World Liberty Financial (WLFI), supported by the Trump family, announced on Twitter on 1/20 that it would increase the token sales quota due to market demand and raise the price from 1.5 cents to 5 cents, a 230% increase. As the chief advisor of the project, Tron founder Justin Sun also announced that he would reinvest $45 million into the project.
The first round of WLFI token sales has been completed, with an additional amount earning $250 million.
WLFI announced on 1/20 that the first round of token sales has been completed, and 20% of the total supply of WLFI tokens has been sold, raising a total of $300 million. Due to strong market demand, it was subsequently decided to increase the token supply by 5%, and the price of WLFI tokens was raised from the original 1.5 cents to 5 cents.
World Liberty Financial announced an increase in the token sales volume.
This means that the newly added 5 billion tokens will bring an additional $250 million in revenue for WLFI. According to WLFI officials, the first round of token sales was limited to accredited investors in the United States and non-U.S. citizens, which is one reason why WLFI token sales performed poorly previously.
The current price of WLFI tokens is 5 cents. Tron founder Justin Sun is doubling down.
In this round of additional sales, Tron founder Justin Sun has once again become a focal point. He announced on Twitter on 1/19 that he is reinvesting $45 million into the Trump project, bringing the total investment amount to $75 million, solidifying his position as the largest investor in WLFI. As early as last November, Sun had already spent $30 million to purchase WLFI tokens, which led to his invitation by Trump to become a project advisor for World Liberty Financial.
Justin Sun has once again invested $45 million to purchase WLFI tokens. Trump’s second son predicts major moves and significantly purchases Ethereum.
According to Lookonchain on Twitter, the Trump project spent another $20 million on 6,041 Ethereum on 1/19. Eric Trump, Trump’s second son, also retweeted this post on Twitter, further announcing to the public, 'Stay tuned.'
According to ARKHAM data, the Trump project currently holds 42,149 Ether (ETH), worth approximately $141 million. Although the price of Ether saw a brief increase after being purchased by the Trump project, it has not shown significant improvement, and the current price remains in the range of $3,300 to $3,500.
Ethereum still has not shown any improvement and remains in the range of $3,300 to $3,500.
(Gold bull Peter Schiff discusses $TRUMP skyrocketing: Why doesn't Trump Media emulate MicroStrategy's flywheel strategy?)
This article states that the Trump cryptocurrency project has increased the supply of WLFI tokens! Justin Sun: Reinvesting $45 million into WLFI first appeared in Chain News ABMedia.