The Trump family's crypto project WLFI launched 24 hours ago, achieving only 4% of its expected token sales target

ChainCatcher news, according to CoinDesk, the crypto project World Liberty Financial (WLFI), supported by the Trump family, achieved only 4% of its expected token sale target within 24 hours of its launch. WLFI sold over 792.36 million tokens, raising $11 million, falling short of the $300 million target.

Each token is priced at $0.015, with the average total value of tokens purchased by holders being less than $1,000. One reason for the waning interest among participants may be the nature of the tokens. WLFI serves as a non-transferable governance token for the platform, allowing users to participate in DeFi activities such as lending and creating liquidity pools, but users cannot sell them to investors at a higher price in the future, which diminishes their appeal as an investment.