Following “massive demand,” the platform has issued an extra 5% of its token supply, at a 230% price increase.
World Liberty Financial (WLFI), Donald Trump’s decentralized financial network, has completed its maiden token sale.
Following “massive demand,” the platform has issued an extra 5% of its token supply, at a 230% price increase.
World Liberty Financial acknowledged in a Jan. 20 X statement that 20% of its token supply had been sold, as anticipated.
“Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply,” the post read.
Additional tokens sold at 230% higher rate
The extra tokens cost $0.05 each, up from $0.015 during the original auction.
The Trump-backed initiative, which launched in September, sought to raise $300 million by selling 20 billion of its 100 billion WLFI tokens.
The current $5 billion token auction aims to raise an extra $250 million. Despite initial difficulties, which were caused in part by the exclusion of US retail investors, the initiative has gained traction in recent months.
Tron creator Justin Sun, who invested $30 million in WLFI in November, has upped his interest by another $45 million, increasing his total investment to $75 million.
We’ve completed our mission and sold 20% of our token supply! Due to massive demand and overwhelming interest, we’ve decided to open up an additional block of 5% of token supply. Please be patient while our team works to relaunch the sale. We’ll share updates here as soon as…
— WLFI (@worldlibertyfi) January 20, 2025
WLFI tokens, which are not transferable, are used as governance tokens for the platform’s upcoming decentralized crypto trading platform.
Holders will be able to vote on community suggestions once the platform is functioning.
In a similar development, World Liberty Financial formed a strategic alliance with TRUMP, a memecoin linked with the former president.
TRUMP enjoyed an early price increase, but it eventually sank by 40% after Melania Trump released her own memecoin.
Trump expected to sign executive order on first day
The timing of the tweets is especially noteworthy, since Trump is likely to issue an executive order promoting cryptocurrencies as a national priority soon after assuming office.
As previously reported, Trump is anticipated to prioritize executive actions tackling crypto de-banking and modifying a contentious bank accounting policy.
The anticipated instructions include the revocation of a guideline implemented by the Biden administration that required banks holding cryptocurrencies to declare the digital assets as liabilities.
This regulation is based on the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, SAB 121, which has met opposition from the cryptocurrency sector.
The Trump administration has allegedly highlighted the need of undoing these policies, and sources close to the conversations affirm their high priority.
The cryptocurrency business has long attacked the Biden administration for what it sees as a planned campaign, known as “Operation ChokePoint 2.0,” aimed at cutting off the sector’s access to financial services.
Trump’s official social media channels have also caused a controversy by pushing a Solana-based parody currency dubbed “Official Trump (TRUMP),” just days before his second presidential inauguration on Jan. 20.
Melania Trump’s meme coin skyrockets to $8B after launch while TRUMP crashes
Melania Trump made waves in the cryptocurrency world by introducing her own meme coin, MELANIA, just days after her husband debuted his TRUMP token.
MELANIA’s worth surpassed $8 billion within hours of its inception, eliciting both enthusiasm and skepticism among the crypto world.
TRUMP token drops after MELANIA launches
Melania Trump stated in a January 20 post on X that the official MELANIA meme is now available. According to Dexscreener, MELANIA was trading at $8.04 at press time, with a market capitalization of more than $8 billion.
TRUMP, Donald Trump’s cryptocurrency issued on January 18, had a stratospheric surge in value earlier. However, the token experienced a significant decline as soon as the MELANIA token launched.
TRUMP’s market cap peaked at $15 billion. However, its stock quickly plunged from $74.60 to $49.29 at press time, wiping roughly $5 billion off its market capitalization.
Amidst all of this, analyst Zack Guzman expressed his opinions on Twitter, suggesting a probable explanation for the tokens’ quick releases.
As complicated as all of this is sure to become, one thing is certain: It’s less complicated for them to launch these BEFORE he officially becomes President
Claiming Trump is profiting from the Presidency and violating the Emoluments Clause would have been far easier if not
— Zack Guzmán (@zGuz) January 19, 2025
He argued that the Trumps were rushing against the clock to avoid any potential legal or constitutional problems. Guzman further stated that the United States Constitution bans any president from “abusing his office to enrich himself.”
Furthermore, a website promoting the MELANIA meme currency, posted by Melania Trump on X, stated that the coins are not a “investment opportunity.” It said that the meme coins are meant to be a “expression of support.”
Nonetheless, there were immediate worries that the token was a hoax, with some claiming that Melania’s X account had been hacked. However, Coinbase’s Conor Grogan stated that the Melania token is “very unlikely to be a rug.”
“My guess is that this token was handled by a different team than TRUMP’s. That one looks like professional market makers, this one honestly looks like a college kids,” he added.
Guzman shared his personal experience with the volatile nature of the transactions as well.
Fairly certain my transaction on @RaydiumProtocol just completely evaporated after everything failed on @JupiterExchange $SOL is gone but nothing else to be found. Weirdly not even a transaction onchain. Is this shit real?
— Zack Guzmán (@zGuz) January 19, 2025
His dissatisfaction reflects the uncertainty about the tokens’ authenticity and trustworthiness. Furthermore, Messari creator Ryan Selkis urged Trump to remove whoever started the MELANIA initiative.
Dear @realDonaldTrump:
Please fire whoever recommended going forward with the Melania launch today.
1. They don’t know what they’re doing.
2. They cost you a lot of $ and goodwill.
3. They don’t have your interests in mind.— Ryan Selkis (d/acc) 🇺🇸 (@twobitidiot) January 19, 2025
As the Trumps continue to experiment with the meme currency market, the quick value fluctuations and contentious nature of their launches are causing anxiety.
Shiba Inu price forecast: SHIB traders book $700M profits as US inauguration shocks memecoin market
Shiba Inu price drops 11% to $0.000022 amid $TRUMP token euphoria, as memecoin traders shift emphasis to new-generation assets.
The Shiba Inu price fell 5% to $0.000022 on Sunday, January 19, as traders responded to Donald Trump’s memecoin debut hours before the US Presidential Inauguration. The performance trends of the Memecoin sector show that the SHIB price might fall lower.
Shiba Inu (SHIB) market cap declines $700M as traders react to Trump token launch
Shiba Inu (SHIB) fell 5% to $0.000022 on January 19, wiping out more than $700 million in market capitalization. This fall coincided with Donald Trump’s memecoin launch, which saw the $TRUMP token surge 131% in 24 hours and reach a $12.5 billion valuation.
The increased interest in Trump-linked tokens has upset the memecoin industry, driving traders to shift away from established assets and toward trendier newcomers.
According to Coingecko statistics, the memecoin market expanded by 1.4%, hitting $130 billion in total capitalization, however heritage currencies such as Dogecoin (DOGE), Pepe (PEPE), and SHIB all saw losses.
This gap indicates a shift in market dynamics, with investors preferring fresh, narrative-driven tokens.
While DOGE plummeted 0.5% and PEPE fell 5.8%, the $TRUMP coin experienced record transaction volume, attracting millions of dollars in speculative money in only hours.
Trump-linked tokens, such as $MAGA and $TRUMP, currently dominate market discourse, outperforming gainers by triple-digit percentages. This transition has increased volatility in legacy tokens, with SHIB taking the brunt of the sell-off.
Despite broader market expansion, the present SHIB price decrease demonstrates fading trader confidence, as funds shift to fresh assets with higher yields. If this trend continues, classic memecoins like SHIB, DOGE, and PEPE are in risk of losing market share.
Shiba Inu price forecast: Bears in control á $0.000020 support wobbles
The Shiba Inu price projection chart now shows a neutral picture, with bulls battling to maintain the $0.000021 support level following an 11% retreat.
The daily time frame candlestick breaching the median of the Bollinger Bands (BB) at $0.00002242 indicates that bears are testing a major support level. If this level fails to hold, SHIB’s losses might accelerate toward the psychological support around $0.00001800.
Furthermore, the Relative Strength Index (RSI) at 45.52 is below the neutral 50 line, indicating weakening bullish momentum. A further drop in RSI might signal the continuation of the negative trend. However, the shrinking BB bands indicate lower volatility, indicating a possible stability near present levels.
In a positive scenario, a decisive retake of the $0.00002242 midline might shift mood, aiming for $0.00002470, the upper BB. This rise necessitates higher trading volume and a bullish RSI divergence. Until conclusive indications materialize, SHIB’s short-term outlook remains cautiously pessimistic.
