[Bitop Review] Trump's Crypto Project Increases WLFI Token Supply! Justin Sun: Additional $45 Million Invested in WLFI

The cryptocurrency project World Liberty Financial (WLFI), backed by the Trump family, announced on January 20 via X that it would increase the token sales quota due to market demand and raise the price from 1.5 cents to 5 cents, a 230% increase. Additionally, Justin Sun, the founder of Tron and chief advisor to the project, announced an additional investment of $45 million into WLFI.

First Round of WLFI Token Sales Completed, Additional Supply to Earn $250 Million

On January 20, WLFI announced that the first round of token sales was completed, selling 20% of the total supply of WLFI tokens, raising $300 million in total. Due to strong market demand, they decided to increase the supply by an additional 5% and raised the price of WLFI tokens from the initial 1.5 cents to 5 cents.

This means the additional 5 billion tokens will bring in an extra $250 million for WLFI. According to WLFI's official statement, the first round of token sales was limited to accredited U.S. investors and non-U.S. citizens, which was one reason for the previously lukewarm sales performance of WLFI tokens.

Tron Founder Justin Sun Further Invests

In this wave of additional sales, Justin Sun, the founder of Tron, once again became a focal point. He announced on January 19 via X that he would invest an additional $45 million into the Trump project, bringing his total investment to $75 million, making him the largest investor in WLFI. Back in November of last year, Sun had already spent $30 million to purchase WLFI tokens, which led to him being invited by Trump to become an advisor for World Liberty Financial.

Eric Trump Foresees Big Moves, Large-Scale Purchase of Ethereum

According to Lookonchain's post on X, the Trump project invested another $20 million on January 19 to buy 6,041 Ethereum tokens. Eric Trump, Trump's second son, also reposted this message, signaling to the public to expect big moves.

Data from ARKHAM shows that the Trump project now holds 42,149 Ethereum tokens (ETH), equivalent to about $141 million. Although Ethereum saw a brief increase following the purchase by the Trump project, there hasn't been much significant price movement, with the current price hovering between $3,300 and $3,500.

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.