World Liberty Financial plans to raise up to $30 million from investors, a 90% cutback from the initial $300 million target following poor WLFI token sales.
Since launching in mid-October, it has received just over $14 million worth of cryptocurrencies, indicating severe demand issues for its WLFI token.
Galaxy Digital highlighted that the WLFI token lacks value accrual mechanisms, which has left investors hesitant about its fundamentals and future outlook.
World Liberty Financial's SEC filing revealed that they've sold just under 1 billion of the 20 billion available WLFI tokens, leading to a significant reassessment of their targets.
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