World Liberty Financial (WLFI), a cryptocurrency project supported by former U.S. President Donald Trump, has successfully completed its token sale, raising nearly $590 million across two pre-sale rounds. This significant achievement places WLFI among the top 10 largest token raises in the crypto space, according to data from ICODrops. The record for the largest token sale remains held by EOS, which raised $4.21 billion in 2018.
The WLFI token sale was exclusive to accredited investors, with strict rules preventing transfers or public trading on exchanges. As of now, there is no confirmed date for an exchange listing, leaving the token’s future liquidity uncertain. Despite these restrictions, the project has garnered substantial attention, partly due to its high-profile backing and the involvement of key figures in the crypto industry.
Zak Folkman, co-founder of WLFI, attributed the success of the token sale to Tron founder Justin Sun, who played a pivotal role in boosting the project’s momentum. Sun initially invested $30 million in November 2024 and later increased his commitment, helping WLFI overcome early criticism and sluggish progress. Speaking at Consensus 2025 in Hong Kong, Folkman highlighted the challenges the project faced during its launch, including intense scrutiny due to its high-profile associations.
“The involvement of certain individuals made traditional crypto VCs hesitant to support us,” Folkman explained. “But Justin Sun recognized the potential of this project to make a monumental impact on the crypto community, regardless of the outcome.”
The WLFI token sale underscores the growing influence of high-profile backers in the cryptocurrency space, as well as the increasing interest in exclusive, investor-focused offerings. While the project’s future remains uncertain, its successful fundraising demonstrates the potential for innovative crypto initiatives to attract significant capital, even in a highly competitive and scrutinized market.
