World Liberty Financial, a decentralized finance (DeFi) project supported by the family of Donald Trump, has managed to make $1 million in unrealized gains despite a sluggish token sale. The company adjusted its fundraising goal from $300 million to $30 million due to lack of investor demand and has sold 1.02 billion WLFI tokens so far. The project's ether stash has grown by $1 million following a 16% rise in the cryptocurrency's value. However, the WLFI tokens are currently non-transferrable, limiting investors from liquidating or trading them for profit.
Other News from Today
US Department of Justice Issues Statement on Bitfinex Hack That Stole Billions of Dollars of Bitcoin
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May