The World Liberty Financial (WLFI) cryptocurrency platform, endorsed by President Donald Trump and his sons, has seen a significant increase in the sale of its governance tokens. Over 24 billion WLFI tokens have been sold, representing more than 96% of its total supply. The token sale aimed to raise $300 million at a $1.5 billion valuation. However, concerns have been raised about the limited rights associated with the tokens and their long-term value. Crypto entrepreneur Justin Sun has invested $45 million into the venture, bringing his total stake to $75 million. Analysts speculate that executive orders from Trump could impact the cryptocurrency landscape in the US. The launch of Trump and Melania's memecoins has stirred controversy, with significant price fluctuations. Bernstein analysts suggest that government involvement with cryptocurrencies may redefine the relationship between leadership and emerging technologies. The TRUMP memecoin has experienced significant losses in various time frames and a drop in trading volume.
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