Trump-Backed Crypto Fund Raises $590M as Stablecoin Market Hits Record High
In a major development that signals growing institutional confidence in crypto markets, Trump-backed World Liberty Financial (WLF) has successfully concluded its $WLFI token sale, raising an impressive $590 million. This fundraising milestone comes amid a significant surge in stablecoin market capitalization, suggesting we may be entering a new phase of the crypto bull cycle.
As reported in recent market analysis, the total stablecoin supply has reached $219 billion, indicating substantial dry powder waiting to enter the crypto market.
WLFI Token Sale Details
- Initial offering price: $0.015 per token
- Total token supply: 100 billion
- Tokens sold in first round: 20 billion (20%)
- Second round price: $0.05 per token
- Notable investors: Justin Sun ($30M), Web3Port ($10M)
Strategic Investment Portfolio
WLF’s investment strategy reveals a strong focus on stablecoins and major cryptocurrencies:
- Stablecoins: $19.83M (20% of portfolio)
- USDT: $13.58M
- USDC: $6.25M
- Ethereum: $41M (40% of portfolio)
Market Implications
The successful WLFI token sale, coupled with Trump’s broader push for crypto adoption, could have significant implications for the market:
- Growing institutional confidence in crypto assets
- Increased legitimacy for US-backed stablecoins
- Potential catalyst for DeFi sector growth
- Signal of market maturity and mainstream adoption
Expert Analysis
According to Zak Folkman, WLFI co-founder: “Our goal is to put 63% of the total supply for sale, creating a robust and liquid market for our token while promoting US-backed stablecoins and DeFi applications.”
Looking Ahead
With only 25% of tokens sold so far and future rounds planned at potentially higher prices, the WLFI token sale could continue to influence market sentiment throughout 2025. However, investors should remain cautious and conduct thorough due diligence before participating in any token sales.
Source: NewsbtC