The Donald Trump-affiliated WLFI cryptocurrency from World Liberty Financial raised $11.8 million on its first day of trade, but there are issues because it isn’t now transferable.
The sale of World Liberty Financial’s native token, WLFI, has begun.
Dune claims that on October 16, the first day of WLFI trading, 790.1 million tokens were sold, bringing total sales to $11.8 million.
Within the first few hours of activation, 9,081 active wallets were reported by the platform.
Introducing World Liberty Financial as a New DeFi Participant
Users of the Donald Trump-affiliated enterprise World Liberty Financial can purchase the WLFI token and take part in governance choices.
WLFI is not listed on centralized exchanges (CEX) and operates on the principles of decentralized finance (DeFi). Rather, it is only accessible on the platform with web3 wallets like WalletConnect, Ledger, Coinbase Wallet, and MetaMask.
The WLFI token is currently trading at $0.015 and is compatible with Ethereum (ETH), wrapped Ethereum (WETH), and stablecoins such as USDC and Tether (USDT).
The Crypto Community’s Concerns
Because of its association with Trump’s presidential campaign, there are worries that if he loses, the WLFI token’s appeal may wane.
Users of X (previously Twitter) also observed a crucial restriction: WLFI holders are only able to buy the token; they are unable to sell it, hence it is not now transferable.
