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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

World Liberty Financial WLFI Token Sales Surge: Less Than 1 Billion Tokens Remain

Ronaldo Marquez
Ronaldo Marquez
5 months ago
3 mins read
World Liberty Financial

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World Liberty Financial (WLFI), a forthcoming cryptocurrency platform endorsed by President Donald Trump and his sons, has reported a significant uptick in the sale of its governance tokens. 

After a slow initial rollout approximately four months ago, Bloomberg reports that the platform has sold over 24 billion of its WLFI tokens, representing more than 96% of its total supply. As it stands, fewer than 1 billion tokens remain available for sale.

World Liberty Financial Token Sale Sparks Debate

The World Liberty Financial token, priced at 5 cents each, is part of a broader initiative aimed at raising $300 million at a $1.5 billion valuation. 

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The project launched its token sale in mid-October, with the intention of enabling token holders to propose changes to the platform and vote on others’ proposals. 

However, the limited rights associated with the WLFI tokens have raised concerns. Holders possess minimal voting rights and no economic entitlements, and the tokens cannot be traded or sold back to World Liberty, prompting questions about their long-term value and utility.

Adding to the intrigue surrounding World Liberty Financial, crypto entrepreneur Justin Sun, founder of the TRON blockchain, recently disclosed a substantial investment of $45 million into the venture. 

This increased Justin Sun’s total stake in World Liberty Financial to $75 million, indicating strong confidence in the platform’s potential.

TRUMP And MELANIA Tokens Experience Wild Price Fluctuations

Analysts are speculating that forthcoming executive orders from Trump could positively influence the cryptocurrency landscape in the US, yet skepticism remains among industry veterans. 

Nic Carter, a venture capitalist, expressed concerns regarding the ethical implications of a sitting president engaging in business ventures that may present conflicts of interest.

The launch of Trump’s memecoins has also stirred significant controversy. As previously reported by NewsBTC, the Donald Trump memecoin (TRUMP) saw a sharp decline, dropping from a weekend high of $75 to $17. 

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Similarly, the Melania Trump memecoin (MELANIA) disrupted the market with increased excitement among crypto investors, with its value fluctuating dramatically from a high of $13.64 to its current trading price of $1.26.

Bernstein analysts have characterized this period as a “chaotic crypto era,” suggesting that government involvement with cryptocurrencies could redefine the relationship between leadership and emerging technologies. 

They argue that the launches of Trump and Melania’s memecoins could signal a potential regulatory shift, positioning digital assets as a direct link to a wider audience.

World Liberty Financial
The 4H chart shows TRUMP’s price downtrend. Source: TRUMPUSDT on TradingView.com

While trading at $17, TRUMP is posting significant losses of 6%, 2% and 70% in the 24 hour, fourteen day and monthly time frames respectively, coupled with a 27% drop in trading volume, according to CoinGecko data.

Featured image from DALL-E, chart from TradingView.com 

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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