World Liberty Financial (WLFI), the Donald Trump-backed crypto project, has successfully closed its token sale, raising an impressive $590 million. This significant financial milestone positions WLFI among the top-10 largest token raises in history, according to data curated by ICODrops. Notably, the largest token sale recorded was EOS, which amassed $4.21 billion.
EOS, developed by Block.one, went on to establish Bullish, the owner of CoinDesk. As the crypto landscape continues to expand, WLFI’s considerable raise signals a strong demand for innovative financial solutions among investors.
During the Consensus 2025 event in Hong Kong, WLFI co-founder Zak Folkman attributed much of the project’s success to the involvement of Tron’s Justin Sun. Initially, the momentum of the WLFI token sale faced criticism, as many perceived it to be sluggish. However, after Sun’s substantial $30 million investment in November 2024, the project saw revitalized interest from the crypto community.
Folkman remarked, “When we were launching this project, it was a very heated time. There was a lot of scrutiny on our project due to who was involved.” This scrutiny made it challenging for traditional crypto venture capitalists to engage with the token.
Folkman further emphasized, “[Sun] saw that regardless of the outcome, this project is a monumental move forward for the entire crypto community.” His support played a pivotal role in changing the narrative around WLFI.
It is important to note that the rules governing WLFI’s token sale restrict availability to accredited investors. Furthermore, the WLFI token cannot be transferred or publicly sold on exchanges at this time, with no set date for an exchange listing as of yet.
As the crypto industry evolves, the WLFI project represents a significant step forward, combining innovation with traditional finance’s rigorous standards. Investors and analysts alike will be watching closely to see how this project unfolds in the coming months.
