World Liberty Financial, led by Donald Trump, has significantly adjusted its public sale target for WLFI tokens following a slower-than-expected uptake. Initially aiming for $300 million in sales, the firm has now revised its target to $30 million, as reported in a recent U.S. Securities and Exchange Commission (SEC) filing. This downward revision represents a 90% reduction from the original goal set just two weeks ago.
The SEC filing highlighted that World Liberty Financial has only sold $2.7 million worth of WLFI tokens to date, leaving approximately $285.7 million in tokens yet to be sold. With the new $30 million target, the company now aims to sell an additional $27.3 million before concluding the public sale.
In a related development, World Liberty Financial is also planning to introduce a dollar-backed stablecoin, which is anticipated to play a key role in the platform’s offerings. World Liberty Financial’s platform aims to provide decentralized lending and borrowing services built on the Ethereum-based Aave DeFi protocol, though specific launch details for the stablecoin are yet to be disclosed.
Donald Trump’s Pro-Crypto Position Draws Support
On the social platform X, Trump recently reiterated his support for cryptocurrency, calling for an end to what he described as Kamala Harris’ “war on crypto” and promoting the vision of “Bitcoin made in the USA.” The post, coinciding with the 16th anniversary of the Bitcoin whitepaper, has further galvanized support from the crypto community, with many hoping that a Trump victory in the upcoming November 5 election will boost the market.
However, some industry voices remain skeptical. BitMEX co-founder Arthur Hayes recently commented that while a Trump win may provide short-term optimism, he expects Bitcoin to reach new highs regardless of the election outcome. Hayes also questioned the depth of Trump’s pro-crypto stance, suggesting it might be more politically motivated than a genuine commitment to the technology.
With the election just around the corner, the crypto sector will be watching closely to see how Trump’s campaign and World Liberty Financial’s revised targets unfold in the coming weeks.
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