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Trump’s WLFI Token Launch Faces Major Setbacks

Donald Trump’s WLFI token sale struggled on its first day, selling just 3% of its supply as website outages hampered access, raising concerns about its future viability.

1 min 15 secOctober 16, 2024

Highlights:

Only 3% of WLFI tokens sold on launch day due to website issues.

Over $7 million raised despite significant technical difficulties.

Trump’s WLFI Token Launch Faces Major Setbacks

Donald Trump’s WorldLibertyFi Token (WLFI) experienced a disappointing launch on October 15, 2024, selling only 3% of its total supply on the first day. The token sale aimed to raise $300 million by offering 20 billion tokens priced at 1.5 cents each. However, the project managed to secure just $10.8 million, significantly below expectations and raising concerns about investor interest in celebrity-backed crypto ventures.

 

 

Technical difficulties plagued the launch, with the WLFI website crashing multiple times due to high traffic. These outages severely limited access for potential investors during crucial hours, leading to frustrations and reduced participation. Despite initial enthusiasm, as indicated by claims of over 100,000 sign-ups for the sale, only 6,832 wallets reportedly hold the token after the first day, suggesting a lack of sustained interest.

 

 

The rocky start has sparked skepticism within the crypto community regarding the viability of celebrity-endorsed projects. Experts are advising caution and suggesting that potential investors consider more established cryptocurrencies like Bitcoin instead. As the WLFI team seeks to rectify technical issues and improve outreach strategies, the coming days will be critical for restoring investor confidence and determining the future of this high-profile token sale.

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