Donald Trump’s WLFI token became a failure despite its initial hype.
Only 4.24% of the token’s total supply was sold even after a full day of trading.
The website’s inability to handle the traffic & speculations of a scam contributed to the project’s failure.
Donald Trump’s World Liberty Financial (WLFI) token has underperformed despite the initial hype. A significant amount of the token remained unsold, with only 4.24% sold on the first day. The website’s inability to handle traffic and rumors of a possible scam contributed to the project’s failure.
Trump launched the WLFI token on October 16, following his announcement of a decentralized finance (DeFi) venture, World Liberty Financial. The project’s buzz led to expectations of widespread adoption. However, the token underwhelmed after a full day of trading. Only 846.63 million tokens, valued at $12.7 million, were sold, representing just 4.24% of the total WLFI tokens in circulation, leaving 19.1 billion coins worth $287 million unsold.
Users reported that the website experienced technical issues, indicating it was not built to handle heavy traffic. Complaints from users suggested that th…
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