🚨🚨Trump Family’s WLFI Tokens Raise $12.51M, But Less Than 1% of Supply Sold – Investors Remain Cautious🚨🚨

According to search.ichainfo.com, the Trump family’s World Liberty Financial (WLFI) project has sold $12.51 million worth of tokens so far. However, on-chain data reveals that the total amount of WLFI tokens held by buyers is still under 1% of the overall supply.

World Liberty Financial aims to create a blockchain-based lending platform, featuring a credit account system built on Aave and Ethereum. The project’s governance token, WLFI, will officially launch on October 15, 2024, with buyers able to purchase using ETH, USDC, USDT, and WETH after completing KYC requirements.

Tracking activity from the 0xe217e15b3c19cc0427f9492dc3bcfe8220afad10 smart contract shows funds being transferred to the 0x5be9a4959308a0d0c7bc0870e319314d8d957dbb address, where WLFI tokens are distributed in real time. This allows investors to monitor token sales as they happen.

The project is seeking to raise $300 million at a $1.5 billion valuation, selling 20% of its token supply at an initial price of $0.015. However, analysis reveals that the top 22 addresses controlling over 99% of WLFI tokens did not acquire them through purchases, indicating they may be controlled by the team.

With investors hesitant and the vast majority of the token supply still unsold, many are waiting to see if WLFI will prove to be a groundbreaking innovation or just another overhyped project. Only time will tell whether this venture will thrive or fall short.

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