Donald Trump-Backed World Liberty Financial Off To A Slow Start — Raises Just 4% Of The Token Fundraising Target

Donald Trump-backed cryptocurrency project World Liberty Financial (WLFI) has been off to a slow start, managing to raise just 4% of its token presale target within the first 48 hours of its launch.

What happened: About $12.46 million worth of the platform's WLFI governance token have been sold as of this writing, according to a Dune Analytics dashboard, well short of the $300 million target announced earlier.

Roughly 830.43 million tokens have been sold to 9,881 unique wallets, with the total number of sales closing in on 12,000. Each token costs $0.015 at the time of writing.

Adam Cochran, a cryptocurrency market observer and Trump critic, said on the flop start, "If you think "the markets" favor Trump being president, why aren't accredited investors lining up to buy this project?"

Full story available on Benzinga.com