Donald Trump's new crypto project crashed on its first day
Former President Donald Trump’s crypto project, World Liberty Financial, had a rough first day — its website experienced multiple prolonged outages, disrupting the sale of tokens.
According to blockchain data from Etherscan, only about 4,300 unique wallet addresses held the token as of Tuesday afternoon — roughly 4% of the total registrants. As of 1:48 p.m. ET, over 500 million World Liberty Financial (WLFI) tokens had been sold at a price of 1.5 cents each, according to the project’s website. The sold tokens represent less than 3% of the 20 billion made available for sale.
World Liberty Financial aimed to raise $300 million through its initial token sale Tuesday, targeting a valuation of $1.5 billion.
With just three weeks remaining until the election, the technical glitches on the World Liberty Financial website could cast doubt on the project’s credibility and be a setback for Trump, who has been courting the crypto community. The project, promoted by Trump and his sons, was seen as a way to position him as a pro-crypto candidate, solidify his stance on digital assets, and appeal to a growing segment of voters who favor cryptocurrency adoption.
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