World Liberty Monetary (WLFI), the Donald Trump-backed crypto undertaking, has closed its token sale after elevating roughly $590 million.
The undertaking’s elevate of $590 million would put it within the top-10 listing of token raises, in line with knowledge curated by ICODrops. To this point, the biggest token sale is EOS, which raised $4.21 billion.
EOS is a blockchain platform developed by Block.one, which later based Bullish, CoinDesk’s proprietor.
On stage at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Tron’s Justin Solar with the success of the undertaking’s token sale.
After WLFI first launched its sale, its critics referred to as the momentum sluggish. However this modified after Solar invested $30 million into it in November 2024 and later invested extra.
“Once we had been launching this undertaking, it was a really heated time,” Folkman mentioned throughout Consensus. “There was a number of scrutiny on our undertaking on account of who was concerned.”
This meant that conventional crypto VCs wouldn’t contact the token.
“[Sun] noticed that whatever the end result, this undertaking is a monumental transfer ahead for the complete crypto neighborhood,” Folkman added through the Consensus panel.
Guidelines round WLFI’s token sale imply that the token was solely accessible to accredited traders and cannot be transferred or publicly offered on exchanges. A date has not been set for an change itemizing.