Trump’s World Liberty Finance has seen an impressive $11.5 million inflow from 8,500 holders. The contract wallet for the WLFI token currently holds assets valued at over $11.5 million, with a majority of the assets being in Ethereum (ETH), making up 71.72% of the portfolio. Other holdings include Tether USD (USDT) and USDC, making up 20.60% and 7.20% of the portfolio, respectively.
It is worth noting that the top 100 token holders own 99.56% of the total supply, indicating a high level of ownership concentration. The token has a maximum supply of 100 billion WLFI, with 8,755 holders accounting for 23.292% of the total supply. The top holder is a project gnosis safe contract wallet, holding 47.5% of the tokens, while another significant portion is held in a distribution wallet.
However, Etherscan data reveals that the token’s decentralization score is currently at 2.12%, suggesting a concerning level of ownership concentration for a new token. The overall risk score is 44.72, raising possible concerns about total ownership centralization among holders. It is important to note that no tokens are identified in centralized exchanges, and a significant portion is held in contracts.
The project’s goal is to raise $300 million through token sales, and after the first day, it has reached 3.8% of this target. It will be interesting to see how the token distribution evolves in the coming days and whether there will be improvements in governance to address the ownership concentration issues.
As the project progresses, it will be crucial for the team behind Trump’s World Liberty Finance to work on increasing decentralization and addressing governance concerns to ensure the long-term success and sustainability of the project. Investors and holders will be closely monitoring these developments to assess the future prospects of the WLFI token.
