Donald Trump’s World Liberty Financial (WLFI) Token Sells 4.2% of Total Allocation so Far

Key Takeaways

• World Liberty Financial (WLFI) sold nearly 840 million tokens.
• The amount is well short of the 20 billion allocation for the sale.
• What went wrong, and will the total allocation ever be reached?

The Donald Trump-backed World Liberty Financial (WLFI) officially launched on Oct. 15. While it generated considerable fanfare pre-launch and raised over $12.5 million, it has not come close to its reported goal of $300 million in sales.

Let’s look at the data surrounding the current purchases and holders to see if anything out of the ordinary comes out.

Concerns About WLFI

Multiple concerns exist about the allocation and distribution of the token. The biggest one is that WLFI is non-transferable and locked indefinitely in a wallet. So, its sole utility is the governance of the WLF protocol.

As of the time of writing, the project is simply touted as a decentralized finance (DeFi) platform, but besides the fact that it will leverage Aave V3, it is shrouded in mystery.

X users have also noted the lack of professionalism by noting inconsistencies with the heading formats and grammar mistakes.

344 million WLFI tokens were sold in the first hour. However, a website outage followed afterward, slowing down the sales.

Analyzing WLFI Purchases

As of the time of writing, there are 11,610 WLFI holders .

However, only three wallets control 82.3% of the maximum supply, with one in particular having 45% of the supply. The wallet is associated with the WLFI team.

The cumulative sales chart also shows that the purchase rate has slowed down considerably since the first hours of the purchase. So far, there have been 13,208 sales. The largest purchase was for 59 million tokens and cost nearly $1 million.

The wallet that made the purchase has only one other transaction. A few hours before the purchase, it transferred $903,475 from Kraken and used that to buy WLFI.

It remains to be seen if the rate will pick up, taking WLFI closer to its goal of selling 20 billion tokens.

Uncertain Future

The World Liberty Financial presale has not reached its lofty goals so far. However, a change in the U.S. election odds or a potential Trump win could turn the fortunes around.

As it stands, WLFI still needs to sell 96% of the remaining supply to reach its goal.