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Trump-backed crypto investment firm World Liberty Financial has raised $590M in the $WLFI token sale.
The total token supply is capped at 100 billion. Out of this, 20% of the tokens (20 billion) were made available for sale in October at a price of just $0.015.
The initial sale experienced slow demand. However, after the launch of $TRUMP and $MELANIA, the Trump family’s in-house meme coins, the $WLFI token sale also took off. The first round raised around $300M. Another 5 billion tokens were then opened for sale at $0.05 per token, raising $250M.
In addition to this $550M, Tron founder Justin Sun has invested $30M in the project, while Web3Port invested $10M. This investment made Justin an advisor of the project.
Zak Folkman, the co-founder of WLFI, has said that the project intends to put 63% of the total supply for sale.
Right now, only 25% of the tokens have been sold. This suggests that more rounds of token sales are coming at a possibly higher price. The Growing Stablecoin Supply
You might be wondering why the WLFI token sale is crucial to the crypto markets. Well, there are a couple of reasons. Firstly, the fund is backed by Trump himself, who has gone all pro-crypto since his appointment as the president. A more technical second reason is that World Liberty Financial is a big promoter of US-backed stablecoins and DeFi applications. It wants to strengthen the US dollar.
This is also evident with WLF’s current portfolio. Out of a total investment of $98M, $19.83M is held in stablecoins ($13.58 in USDT and $6.25M in USDC). That’s around 20% of the total portfolio value.
The total market stablecoin supply is now around $219B, which suggests that the current cycle has still not exhausted its potential and that we’ve only reached midway.
If you look at past data, the supply during April 2022 was $187B before the markets went bearish. We’re already past that, and the supply is still increasing.
This increase is also propelled by declining crypto conditions, where institutional investors are adding crypto assets to their portfolio at throw-away prices. These attractive prices have meant that the supply isn’t declining.
$ETH has seen more than a 50% decline in the last 3 months. In fact, WLFI holds $41M worth of ETH (40% of its portfolio).
Everyone’s ravenous for a piece of the crypto pie, and this is bound to translate to higher price points for the best altcoins and a potential rally.
If you’re looking to maximize your gains, consider investing in the best crypto presales, which are high-potential tokens at their cheapest ever rates. 1. BTC Bull Token ($BTCBULL) – Best Presale to Rally Behind Bitcoin’s Success Story
The POTUS himself being a participant in the crypto hype is undoubtedly one of the biggest positives for the industry.
And given that Bitcoin is at the helm of the crypto market – other coins follow the larger $BTC trend, after all – a new and innovative Bitcoin-based meme coin like BTC Bull Token ($BTCBULL) is possibly the best crypto to invest in right now.
$BTCBULL separates itself from other tokens by being the only project that gives out free Bitcoins to its token holders. Yep, you read that right.
You will receive an airdrop of $BTC as a token of appreciation for your loyalty if you purchase and hold $BTCBULL in Best Wallet. Another masterstroke by the BTC Bull Token team is that they’ve tied the Bitcoin airdrops to $BTC’s price. There will be $BTCBULL airdrops every time Bitcoin surges past a new milestone, like $150K, $200K, and $250K.
Combined with regular token burns (after every $25K jump in Bitcoin’s price, to be precise), BTC Bull Token has ensured the price of its token continues to rise. As anticipation for an airdrop rises, so will $BTCBULL’s price.
Luckily for you, $BTCBULL is currently in presale, meaning it’s the cheapest it could ever be. Just $0.002415 at the time of writing. Here’s how you can buy BTC Bull Token and join the $3.6M+ club. 2. Best Wallet Token ($BEST) – Top New Presale Belonging to the Best Crypto Wallet
Quite naturally, the increased investor attraction towards crypto means folks are hungry for privacy-conscious crypto wallets that can store their prized possessions with utmost security.
This is where the Best Wallet Token ($BEST) becomes a crypto worth buying. It is, after all, the native token of the highly secure and user-friendly crypto wallet, Best Wallet.
Best Wallet is a non-custodial and multi-chain crypto wallet that leverages Fireblock’s MPC-CMP wallet technology, along with state-of-the-art 2FA/MFA, to ensure none other than you can access your funds. Buying $BEST tokens not only gives you a piece of the Best Wallet’s success, but it also comes with a handful of unique benefits, such as: No gas fees on Best Wallet Handsome airdrop and staking rewards Early-bird access to the best meme coins Regular market updates and access to real-time charts
The $BEST presale has already raised over $11M and still shows no signs of slowing down. Each token is currently available for just $0.02435. Here’s how to buy $BEST. 3. Lightchain AI ($LCAI) – Aims to Build Secure Blockchains
Lightchain AI ($LCAI) is proof that the crypto-AI relationship can bear sweet fruits.
It’s a project that combines blockchain (Proof of Intelligence) and AI (Artificial Intelligence Virtual Machine) technologies to build new blockchains that are the epitome of security.
Lightchain AI will work by rewarding users who make meaningful contributions to AI development. However, the contributions must me made in a way that they don’t hamper the network’s security.
The token is in Stage 15 of its presale, which has so far amassed nearly $18M. 1 $LCAI is currently selling for only $0.007125.
However, interested investors shouldn’t delay their purchase because there will be a price increase as the token enters the next presale stage. Final Verdict – DYOR
Trump is undoubtedly pro-crypto, as evident by his own participation and push for crypto-friendly regulations in the US.
However, some of the decisions he takes for the larger US economy – the tariffs, for instance – stand to have a major impact on crypto’s health.
So, while the long-term outlook for crypto screams bullishness, the journey to the top could be one filled with choppiness and heavy volatility.
That’s why it’s important to be smart about your crypto investments and only pour in an amount you’re comfortable sidelining.
Lastly, you must always do your own research before investing – or perhaps even consult a professional for advice. None of the above is meant to be financial advice, by the way, as we merely put out our honest insights.