News Formal

Trump's Crypto Business Slashes Fundraise Goal by 90% After Lackluster Sales

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Donald Trump's crypto business World Liberty Financial slashed its fundraising goal after sales of its WLFI token fell dramatically short of the initial target, according to a regulatory filing.

The change raises the possibility that former President Trump – who is running for election next week – may not quickly see any big payday from World Liberty Financial. At press time, World Liberty's website reflected the old sales target of $300 million. The company sold just under 1 billion of the 20 billion WLFI tokens available. It sold them at a valuation of $1.5 billion. But sold tokens remain frozen until further notice, meaning no one who bought WLFI can cash out on secondary markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Exchange Market Share Shifts as Binance Loses Ground to Crypto.comCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto Market Rebounds Despite SEC’s XRP Appeal as Crypto All-Stars ICO Continues to GrowCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »