CoinVoice recently learned that according to CoinDesk, the Trump family-backed crypto project World Liberty Financial (WLFI) only achieved 4% of its expected token sales target within 24 hours of its launch. WLFI sold more than 792.36 million tokens and raised $11 million, failing to reach its $300 million target.
Each token was sold for $0.015, and the average holder purchased less than $1,000 worth of tokens in total. Part of the reason for the waning interest may be the nature of the token. WLFI, as the platform's non-transferable governance token, enables users to participate in DeFi activities such as lending and creating liquidity pools, but users cannot sell it to investors at a higher price in the future, which weakens its attractiveness as an investment. [Original link]
