World Liberty Financial, a decentralized finance (DeFi) platform associated with Donald Trump, initially struggled with sluggish token sales for its WLFI token. However, the situation transformed dramatically when crypto entrepreneur Justin Sun invested $30 million in WLFI. Sun, known for creating the TRON blockchain, completed this purchase through a wallet linked to Huobi, although TRON representatives did not confirm Sun's involvement directly. World Liberty Financial was launched in September 2024, focusing on decentralized borrowing and lending, but faced challenges since only non-U.S. and accredited U.S. investors could buy the non-transferable tokens. By mid-November, the project had sold only $21 million in tokens, far short of its $300 million target. The investment from Sun is expected to energize the project, especially as proceeds from token sales over $30 million would benefit Trump's company directly. This acquisition represents a significant turning point for WLFI as it seeks to establish itself within the competitive DeFi landscape.

Source 🔗