No one is interested! World Liberty Financial, supported by Trump, reduced the fundraising goal by 9

According to the regulatory documents of the Securities and Exchange Commission (SEC), World Liberty Financial, a cryptocurrency project supported by the former US President Trump family, has significantly lowered its fundraising target because the progress of WLFI token sales is far below the target.

World Liberty Financial significantly lowers fundraising targets

World Liberty Financial has reduced its fundraising target for token sales by 90% from the originally set $300 million to $30 million. The US Securities and Exchange Commission (SEC) filing on October 30th states:

TOA is the maximum inventory that can be sold. The company currently only plans to sell up to $30 million worth of tokens in the issuance before terminating the sale

This may mean that Trump may not be able to obtain a large amount of revenue from the token sales of World Liberty Financial. According to Zombit's previous report, the white paper of World Liberty Financial clearly stated that DT Marks DEFI LLC owned by Trump would receive 75% of the "net agreement income" (including token sales income), provided that World Liberty Financial must raise $30 million to fund the operation.

According to official website information, since its launch in mid October, World Liberty Financial has only sold 972 million WLFI tokens, equivalent to $14 million at $0.015. Although there were a lot of activities on the first day of release (even causing the website to crash), demand sharply declined afterwards.

The weak demand may be due to investors feeling uneasy about the fundamentals of World Liberty. A research report by Galaxy Digital pointed out that WLFI tokens have no appreciation mechanism and are initially restricted to 'non transferable', making it impossible for investors to cash out in the secondary market.

The specific business direction of World Liberty Financial is not yet clear. Its website describes a platform similar to a cryptocurrency investment portal and mentions plans to launch lending services. Recent reports from Decrypt also indicate that World Liberty Financial plans to launch stablecoins.

Trump's chance of winning the election drops sharply

In addition to the significantly lower than expected popularity of supported cryptocurrency projects, there has also been a significant decline in the winning rate of Zhuangpu's prediction market Polymarket recently. Data shows that Trump's probability of winning has dropped from 67% 48 hours ago to 61%. Meanwhile, the winning probability of Democratic candidate He Jinli has increased from 33% to 39%.

In addition, the stock of Trump Media and Technology Group (DJT), which is considered as the index of Trump's selection, has plummeted 34% in the past three days, while the stock rose 352% in the previous month.