The long-awaited crypto project from former US president Donald Trump, World Liberty Financial (WLFI), has debuted with $11.5 million in inflows. Indeed, the project had garnered interest from the cryptocurrency community, but has that interest generated activity that the project had initially expected?
Currenlty in the midst of his campaign for reelection, Trump has embraced cryptocurrencies in a big way. Throughout his bid for a return to the Oval Office, the digital asset sector has been a clear focus for him. Now, with the arrival of his own DeFi project, more than 8,500 holders have emerged in its first sales day.
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World Liberty Financial Debuts: Was it a Success for Donald Trump?
There is little argument again the fact that Donald Trump has advocated for cryptocurrencies as much as any candidate in history. The asset class has become a tentpole for his ongoing campaign. Moreover, should he be voted into office this November, it is poised to be a key facet of his administration.
That interest has now generated Trump’s very own DeFi project, World Liberty Financial, which debuted on its first sales day with $11.5 million in inflows. However, the performance of the new project did not live up to expectations. Specifically, the number of tokens sold reached just above 3.4% of the $300 million goal before the website for the platform crashed.
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WLFI tokens had gone on sale on October 15th, with 20 billion tokens available at 1.5 cents per token. Yet, only 687 million had been purchased 14 hours into the sale. That stash was worth only $10.3 million. Etherscan data presents an interesting picture after the official debut of the asset.
According to the platform, 99.565% of the total supply is held by the Top 100 holders. Moreover, there are currently 8,755 total holders that account for teh token 100 billion supply. Additionally, the token has a decentralization score of 2.12%, which shows a high level of concentration in token ownership. However, this is not necessarily surprising considering it was the first official trading day.