Donald Trump took to X to promote World Liberty Financial, a new crypto project pushed by his family, after initial sales fell drastically short of expectations. Only 3% of total tokens were sold, amounting to $9 million, raising concerns about the project’s viability and market appeal. Trump's late announcement seemed to coincide with lingering issues on the token sale site, which faced outages and struggles in tracking purchase volume.
The WLFI token, intended for governance within the new platform, aims to engage users in various DeFi activities such as borrowing and lending. The poor initial sales figures raise significant doubts about the token's acceptance in the burgeoning crypto market. With the sale failing to generate early traction, the future of both the token and the overarching project could be at risk.
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