Donald Trump‘s World Liberty Financial has decreased their public sale objective from $300 million to $30 million as a result of subpar sales.
Donald Trump’s World Liberty Financial has reduced its public sales target to $300 in response to the underwhelming sales since the WLFI token sale was introduced two weeks ago. The company disclosed its new public sale target in a filing with the US Securities and Exchange Commission (SEC).
Public sale target of Donald Trump’s WLF has been reduced.
World Liberty Financial disclosed in an SEC filing that it intends to conclude the crypto presale after selling a maximum of $30 million in its WLFI token public sale. This represents a 90% decrease from the company’s initial $300 million when the WLFI token public sale was initiated two weeks ago.
This development is likely attributable to the company’s underwhelming figures thus far, as it is still far from achieving its $300 million goal. The filing disclosed that the company, which Donald Trump funds, had sold approximately $2.7 million in WLFI tokens. In the interim, they have roughly $285.7 million in tokens that remain to be sold.
The company still has approximately $27.3 million in WLFI tokens that it must sell before the public sale concludes, based on the new $30 million target for the public sale.
According to a Fortune report, Donald Trump’s World Liberty Financial is also preparing to introduce its dollar-backed stablecoin. Nevertheless, the organization still needs to disclose a specific date for introducing this stablecoin.
This stablecoin is expected to significantly impact the World Liberty Financial platform, which aims to provide decentralized lending and leasing services through the Ethereum-based Aave DeFi protocol.
Former US president has pledged to end the crypto conflict
Donald Trump reiterated his support for cryptocurrency in an X post. He encouraged electors to support him in resolving Kamala Harris’ crypto-war and guarantee that Bitcoin is “made in the USA.” Additionally, he extended his best wishes to Bitcoiners on the 16th anniversary of Satoshi Nakamoto’s Bitcoin Whitepaper.
Donald Trump has garnered the support of the crypto community due to his pro-crypto posture and the expectations that the former US president will emerge victorious in the forthcoming November 5 elections.
A Trump victory could benefit the Bitcoin price and the broader crypto market. According to the most recent data from Polymarket, the former US president remains the overwhelming favorite to succeed as the next president.
In the interim, BitMEX co-founder Arthur Hayes remarked that BTC will still reach new highs irrespective of who wins, even though the crypto community relies on a Trump victory to help raise prices. Additionally, he suggested that Donald Trump’s advocacy for cryptocurrency could have been more sincere.
