According to a report by CoinDesk, the crypto project World Liberty Financial (WLFI) supported by the Trump family sold only 4% of its expected token sale target within 24 hours of launch. WLFI sold over 792.36 million tokens, raising $11 million, falling short of its $300 million goal. Each token was priced at $0.015, and the average participant purchased tokens worth less than $1,000.
One possible reason for the waning interest is the nature of the token itself. WLFI is a non-transferable governance token for the platform, allowing users to participate in lending and creating liquidity pools in DeFi activities, but users cannot sell it to investors at a higher price in the future, diminishing its investment prospects.
