Trump Can’t Have It All: WLFI Token Takes a Tumble!

Well, well, well! It looks like Donald Trump’s latest venture into the wild world of cryptocurrency, the WLFI token, has hit a bit of a snag — like a bad hair day in a windstorm! 🌪️ The launch aimed to rake in a whopping $300 million by selling 20 billion WLFI tokens. So far, they’ve managed to sell a mere 788 million tokens, bringing in just about $11.8 million — yep, that’s less than 4% of the goal. Talk about a financial flop! 🎭💰

According to blockchain data from Etherscan, around 9,050 unique wallet addresses currently hold WLFI. That’s only about 9% of the 100,000 wallets they had planned to lure in. It seems like a lot of folks decided to sit this one out — perhaps they were too busy looking for that golden hair of Trump’s? 🤷‍♂️💇‍♂️

The grand sale kicked off on Tuesday with Trump giving it a shout-out in a promotional video on X. But, surprise, surprise! The site couldn’t handle the pressure and kept crashing like a bad reality TV show! 🖥️💥

WLFI a Token for the Elite: Where Trump Gets the Big Slice, and You Get the Crumbs

Now, here’s the kicker: WLFI is a Regulation D token offering, which means only the wealthy elite can jump on this train. If your net worth isn’t over $1 million, sorry, buddy — you’re left watching from the sidelines while the rich kids play. 💸🤑 Retail investors, who usually spice things up, have been left in the dust.

World Liberty Financial is pitching WLFI as a governance token, letting holders vote on the platform’s future. But here’s the catch — there’s no actual platform up and running yet, so good luck voting on… well, nothing! It’s like having a vote for “best non-existent sandwich.” 🍔❌ The team did file for approval with the crypto lending platform Aave, but we all know how slow those approvals can be!

After facing a harsh reality check, the WLFI team had to make some changes. They’ve now cut the percentage of tokens available to the public from 63% to just 35%. And, guess what? Now they say those shiny tokens might not be transferable for an indefinite period, despite earlier promises of a 12-month waiting period. What a plot twist! 📉😱

And let’s not forget — Trump is still set to receive a whopping 22.5 billion WLFI tokens, more than what’s available for the rest of us! All that, along with hefty fees for his star power. Sounds like he’s got the best seat in the house! 🎟️💼

So, while Trump may have the bling and the branding, it seems WLFI is stuck in a bit of a crypto conundrum. Who knew that the “Art of the Deal” could sometimes mean “Oops, we didn’t see that coming!”? 🤔💔 Keep your wallets close, folks; this token ride may be more of a roller coaster than a smooth cruise! 🎢✨

Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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