The cryptocurrency initiative backed by Donald Trump, has successfully wrapped up its token sale, securing nearly $590 million in funding.
This funding places the initiative among the top ten for token raises, as per available data. The all-time highest token sale is EOS, which amassed $4.21 billion.
EOS represents a blockchain ecosystem created by Block.one, which eventually established Bullish, the parent company of the source.
During an appearance at Consensus 2025 in Hong Kong, co-founder Zak Folkman acknowledged the significant role of Tron’s Justin Sun in the successful token sale.
Initially, following the launch of WLFI’s sale, some critics remarked on its slow progress. However, this perception changed when Sun contributed $30 million to the project in November 2024, followed by additional investments.
“At the time we were launching this initiative, the environment was quite intense,” Folkman stated at Consensus. “Our project faced a lot of scrutiny related to its stakeholders.”
This resulted in traditional cryptocurrency venture capitalists being unwilling to invest in the token.
“Sun recognized that irrespective of the outcome, this project holds significant importance for the broader crypto community,” Folkman emphasized during the panel discussion.
Due to the stipulations surrounding WLFI’s token sale, the tokens were exclusively available to accredited investors, and they cannot be transferred or sold publicly on exchanges. A timeline for when they might be listed on exchanges has yet to be announced.