World Liberty Monetary (WLFI), the Donald Trump-backed crypto challenge, has closed its token sale after elevating roughly $590 million.
The challenge’s elevate of $590 million would put it within the top-10 checklist of token raises, in accordance with information curated by ICODrops. So far, the most important 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 challenge’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.
“After we had been launching this challenge, it was a really heated time,” Folkman stated throughout Consensus. “There was numerous scrutiny on our challenge resulting from who was concerned.”
This meant that conventional crypto VCs wouldn’t contact the token.
“[Sun] noticed that whatever the end result, this challenge is a monumental transfer ahead for your entire crypto neighborhood,” Folkman added through the Consensus panel.
Guidelines round WLFI’s token sale imply that the token was solely out there to accredited buyers and cannot be transferred or publicly offered on exchanges. A date has not been set for an trade itemizing.
