Trump-Backed Crypto Project Sees Token Surge Amid Meme Coin Hype

World Liberty Financial (WLF), a decentralized finance project linked to Donald Trump, recently reported a surge in token sales. This comes as the company sold 20% of its token supply and announced it would release an additional 5% to meet overwhelming demand.

The heightened interest follows the launch of new meme coins by Donald and Melania Trump. On January 20, Melania introduced her meme coin, MELANIA, just days after Donald launched his TRUMP token. These releases have sparked significant enthusiasm in the crypto market, drawing attention to WLF’s platform.

WLF confirmed selling 21.3 billion tokens and shared the news on social media, stating: "We’ve completed our mission and sold 20% of our token supply! Due to massive demand, we’ve decided to open up an additional block of 5%." The company’s popularity reflects growing investor excitement around meme coins, especially those tied to the Trump family.

Adding to the momentum, Justin Sun, the founder of Tron, has demonstrated increased confidence in WLF. His company, Trondao, recently invested another $45 million, raising its total commitment to $75 million. Sun announced this on X, saying, "We are continuing to increase our investment in World Liberty Financial." This endorsement is seen as a strong vote of confidence in WLF’s potential under Trump’s leadership.

In another significant move, WLF acquired 14,403 Ethereum (ETH) for $48 million, although the company has not disclosed why. The purchase has fueled speculation, especially after Eric Trump hinted at further developments. On January 19, he wrote, "Wait until you see what they do tomorrow," referencing WLF’s Ethereum acquisition. Meanwhile, crypto trader Ash reported that WLF recently purchased four Ethereum Name Service (ENS) domains: WorldLiberty.eth, trumpcoin.eth, erictrump.eth, and barrontrump.eth. This has raised questions about whether the company plans to launch more meme coins on the Ethereum network.

In December, WLF spent over $45 million on altcoins, including Ondo and Ethena, which helped drive their prices higher. With this recent Ethereum purchase, many are speculating if WLF can replicate similar market effects.

Donald Trump’s growing influence in the crypto world, combined with Justin Sun’s increased backing and ongoing investments, suggests that World Liberty Financial is positioning itself as a key player in the DeFi space. As excitement around meme coins continues, all eyes remain on WLF and its next steps.