Trump-Backed World Liberty Financial (WLFI) Completes $590M Token Sale
On-chain data confirms that World Liberty Financial (WLFI), a cryptocurrency project backed by former U.S. President Donald Trump, has successfully concluded its token sale, raising approximately $590 million across two pre-sale rounds.
With this fundraising milestone, WLFI ranks among the top 10 largest token raises in history, according to data from ICODrops. For comparison, the record for the biggest token sale remains with EOS, which secured $4.21 billion.
EOS, a blockchain platform developed by Block.one, later became the foundation for Bullish, the parent company of CoinDesk.
Speaking at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Tron’s Justin Sun for significantly boosting the project’s fundraising success.
Initially, WLFI’s token sale faced skepticism, with critics labeling its early momentum as sluggish. However, the project gained traction after Sun made an initial $30 million investment in November 2024, followed by additional contributions.
“When we launched this project, it was a highly contentious period,” Folkman said during a panel discussion. “There was immense scrutiny due to the individuals involved.”
According to Folkman, the controversy surrounding WLFI deterred many traditional crypto venture capitalists from participating in the sale.
“[Sun] recognized that, regardless of the outcome, this project represents a groundbreaking step forward for the broader crypto community,” he added.
Due to specific regulations governing WLFI’s token sale, only accredited investors were allowed to participate. Additionally, the token remains non-transferable and cannot be publicly traded on exchanges at this time. No official timeline has been set for a future exchange listing.
