Donald Trump's $WLFI Token Raises $12M Amid Transferability Concerns, Trump to Receive 22.5B Tokens

Oct 16, 2024, 08:21 PM

Donald Trump has launched a new cryptocurrency token, $WLFI, which has raised $12 million in sales to accredited investors. However, the token is non-transferable, meaning investors cannot currently sell the tokens they receive. Trump holds significant control over the token, with 32.5% allocated directly to his team and another 32.5% held indirectly. The token offering has been met with skepticism, as evidenced by a community note on Trump's video post highlighting the inability to transfer the token. Additionally, Trump is set to receive 22.5 billion tokens plus fees.