Trump-Backed Crypto Project WLFI Raises $590M, Ranks Among Top Token Sales

World Liberty Financial (WLFI), the cryptocurrency project backed by Donald Trump, has successfully closed its token sale, raising approximately $590 million. This achievement places WLFI among the top 10 largest token raises in history, according to ICODrops data. The record for the largest token sale remains with EOS, which raised $4.21 billion.

WLFI’s fundraising journey faced early skepticism, with critics calling its initial momentum slow. However, support from Tron's Justin Sun played a crucial role in reversing the narrative. Sun’s initial $30 million investment in November 2024, followed by further contributions, significantly boosted the project’s credibility and investor interest.

Speaking at Consensus 2025 in Hong Kong, WLFI co-founder Zak Folkman credited Sun’s backing as a turning point, emphasizing that mainstream crypto venture capital firms avoided the project due to its affiliations. "There was a lot of scrutiny on our project due to who was involved," Folkman noted. However, he highlighted Sun’s belief in WLFI’s potential as a transformative force in the crypto sector.

Despite its impressive raise, WLFI’s token sale had strict limitations, allowing only accredited investors to participate. Furthermore, the tokens cannot be publicly traded or transferred on exchanges. The project has yet to announce a timeline for an exchange listing.

With high-profile endorsements and substantial financial backing, WLFI’s future remains a focal point in the evolving crypto landscape. Investors and industry observers are keenly watching for further developments, particularly regarding potential regulatory challenges and future market integration.