Trump-Linked Crypto Project WLFI Sells Tokens to Hut8 at $0.25 Each
WLFI confirms tokens sold were from its locked pool, avoiding additional issuance or dilution in the process.
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Fact Check
The statement is directly confirmed by multiple sources, including the primary source, WLFI's official X account (Source 5), which explicitly states, 'WLFI recently sold tokens at $0.25 to Hut8 for their treasury.' This is corroborated by several independent crypto news outlets, including Wu Blockchain (Sources 2 & 8) and CryptoBriefing (Sources 3 & 9), which report the same details. Other sources confirm WLFI is a Trump-linked project.
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Terms & Concepts
- Token Sale: The process of selling digital tokens to investors or buyers, often used to raise funds or distribute ownership in a blockchain project.
- Locked Token Pool: A reserve of cryptocurrency tokens secured and restricted from circulation until specific conditions or agreements are met.
- Dilution: A reduction in ownership percentage caused by the issuance of additional tokens or shares.