Solana validators have voted against the closely-watched SIMD-228 proposal, a plan that aimed to substantially reduce SOL token emissions by transitioning the network to dynamic staking-based emissions. The proposal, authored by Tushar Jain and Vishal Kankani of Multicoin Capital, was introduced in January, with voting opening on March 6. However, on Thursday, the proposal failed to meet the required two-thirds majority. It secured 61.6% support, just shy of the 66.67% threshold required for approval. Approximately 74% of staked SOL across 910 validators participated in the SIMD-228 vote. Despite the proposal’s technical defeat, Jain described the vote as a “major victory” for Solana’s governance process. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The alleged theft of 50 Bitcoin by a National Crime Agency officer casts a shadow on UK cryptocurrency oversight. This incident raises questions about accountability within law enforcement, particularly concerning
Cryptocurrency analyst Fred Krueger has shared his outlook on the future of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in a bold statement, praising Bitcoin’s store of value and Solana’s growing dominance while delivering a sharp critique of Ethereum. Krueger argued that Bitcoin’s original vision as a “peer-to-peer payments” cryptocurrency failed because few people used it for transactions. Instead, he said, BTC has proven itself well as a hedge against economic uncertainty and a long-term store of value: “Bitcoin started out as a ‘peer-to-peer’ cryptocurrency. But that vision has failed. Very few people are using it that way. People are using it to protect their savings. Bitcoin has managed to win that positioning segment in the human mind.” Krueger remains optimistic about Bitcoin’s long-term potential, predicting that institutional investment will push Bitcoin’s price to unprecedented levels: “A hundred trillion will flow into ETFs, corporate treasuries, and MSTR. It will take time, but BTC will reach $1 million, then $10 million.” Related News: White House Issues Statement on Cryptocurrency Chief's $200 Million Cryptocurrency Stash Following Alarming Allegations Krueger has been highly critical of Ethereum's evolution, claiming that its original concept as a “world computer” was flawed from the start. He has called Ethereum's transition to Proof-of-Stake (PoS) and its emphasis on Layer 2 solutions ineffective. He predicted that Ethereum was on a downward trajectory, suggesting that it would become obsolete: “ETH is heading to the graveyard. May he rest in peace.” In response, Krueger praised Solana as a highly functional blockchain with real-world usability. He believes that Solana will surpass Ethereum in terms of adoption and usage if it does not face scalability issues: “Some of the others are actually usable. Solana is the leader of the pack. Unless it hits a major performance wall, I don't see any reason why it would fail. It has all the users right now and objectively does its job perfectly.” He went further, declaring that Solana will overtake Ethereum this year: “Solana will kill ETH. This year.” Krueger also touched on the Bitcoin maximalist mindset, suggesting that many staunch BTC supporters underestimate Solana due to his strong anti-altcoin stance. *This is not investment advice. Continue Reading: Prominent Analyst Predicts $1 Million Bitcoin Price, Praises Surprise Altcoin, Claims One Altcoin Is Dying – “Heading for the Graveyard”
Mike Novogratz, the founder and CEO of Galaxy Digital, reiterated his belief in the rapid expansion of real-world asset (RWA) tokenization. His statement came after BlackRock’s tokenized fund, BUIDL, surpassed $1 billion in Assets Under Management (AUM). Novogratz, a long-time advocate for blockchain technology in traditional finance, believes tokenization will reshape the financial industry. Mike Novogratz Predicts The Future of RWA Mike Novogratz has been vocal about blockchain’s potential to transform traditional financial markets. He maintains that anything capable of being tokenized will eventually be moved on-chain. His recent comment on X emphasizes the growing role of blockchain in financial infrastructure, particularly in tokenization moves. The billionaire investor argues that blockchain ensures transparency, efficiency, and security, making it an attractive solution for institutions. Mike Novogratz believes the push toward tokenization is no longer a theoretical concept but an active movement gaining traction across financial sectors. According to Novogratz, blockchain-based financial products will become essential tools for institutional investors soon. He predicts this as companies search for novel ways to improve liquidity and settlement processes. His prediction also agrees with a larger trend of financial institutions turning to tokenized assets. Major firms have already begun integrating blockchain into their asset management strategies, and Novogratz expects this shift to accelerate in the coming years. He points to the rapid development of blockchain infrastructure as a key factor in the mainstream adoption of RWAs. The BlackRock BUIDL Milestone Meanwhile, BlackRock’s BUIDL fund has reached a major milestone, crossing the $1 billion mark in assets under management. The investment giant launched the product in March 2024 in partnership with Securitize. BUIDL is an ERC-20 token on the Ethereum blockchain. The fund exposes institutional investors to U.S. Treasury bills and repurchase agreements while leveraging blockchain for enhanced security and liquidity. A significant factor in BUIDL’s growth was the launch of Frax Finance stablecoin with BUIDL as its backing reserve. This move reinforced the increasing demand for tokenized financial products and demonstrated how blockchain technology is being integrated into traditional asset management. By tokenizing U.S. Treasury assets, BlackRock aims to improve liquidity, streamline transactions, and reduce counterparty risks. The success of BUIDL signals a broader industry movement toward blockchain-based investment vehicles. Meanwhile, In January, BlackRock’s CEO Larry Fink urged the US Securities and Exchange Commission (SEC) to approve the tokenization of bonds and stocks . This, he believes can fuel the push for RWA. Firms Embracing Tokenization Other major financial firms follow a similar path to complement the Mike Novogratz spotlight. For example, Ripple Labs, known for its work in blockchain payments, has been expanding its focus on tokenization. In November 2024, Ripple announced their first tokenized money market fund on XRP Ledger. The firm floated this product in partnership with crypto exchange Archax and UK asset manager abrdn. Since then, the company has expressed confidence in RWAs as a key driver for the future of finance. To advance its tokenization push, it also launched RLUSD stablecoin in December 2024. Earlier, CoinGape reported Ripple minted 6.5 million RLUSD on Ethereum, proof of the product’s expansion As Novogratz predicted, the adoption of tokenized assets is gaining momentum, with BlackRock and Ripple at the forefront. The post Mike Novogratz Issues RWA Prediction As BlackRock’s BUIDL Hits $1 Billion Milestone appeared first on CoinGape .
The agency responsible for conducting criminal prosecutions in England and Wales announced that a National Crime Agency (NCA) officer was due to be charged with the alleged theft of Bitcoin worth roughly $75,000 in 2017. In a March 14 notice, the Crown Prosecution Service said it had authorized the Merseyside Police to charge NCA officer Paul Chowles with 15 offenses related to the alleged Bitcoin ( BTC ) theft “during an investigation into online organized crime.” Authorities said Chowles could face one count of theft, 11 charges for concealing, disguising, or converting criminal property and three counts for acquiring, using or possessing criminal property. The 50 Bitcoin, worth roughly $75,000 before the December 2017 bull run, was valued at more than $4.2 million at the time of publication at a BTC price of $84,541. The NCA officer is expected to appear at the Liverpool Magistrates’ Court on April 25. Related: British man sues council for $647M over lost Bitcoin in landfill In April 2024, amendments to the UK’s Economic Crime and Corporate Transparency Act authorized NCA officers and local police to seize crypto from suspected criminals without arresting them. The Crown Prosecution Service did not mention how Chowles allegedly stole the Bitcoin or whether the funds were connected to illicit activities. Crypto policies across the pond The NCA said in December 2024 that it had seized roughly $26 million in cash and crypto and arrested 84 people as part of a global campaign to fight money laundering and organized crime. Some of the crypto addresses targeted by UK authorities at the time “showed regular exposure to Garantex.” The founder of the Russian crypto exchange was arrested in India in March and is expected to be extradited to the US to face criminal charges. The UK government is expected to move forward on creating a comprehensive regulatory framework for digital assets in 2025 following the Labour government’s election victory. The country remains a significant market for crypto users, with Coinbase securing approval to operate from the financial regulatory body in February. Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
Trump's WLFI project faces scrutiny linked to Binance's recent allegations. CZ strongly denies any connection between Binance and the WLFI initiative. Continue Reading: Trump’s WLFI Project Sparks Controversy Around Binance The post Trump’s WLFI Project Sparks Controversy Around Binance appeared first on COINTURK NEWS .
Meme coins are a unique blend of humor and high-risk investment opportunities. Recent developments have spotlighted Arctic Pablo Coin’s innovative approach, capturing the attention of investors worldwide. Simultaneously, projects like BoneShibaSwap and ANDY are making waves, each offering distinct narratives and potential returns. Arctic Pablo Coin: Embarking on a Mystical Adventure with Promising Returns Arctic Pablo Coin ($APC) isn’t just another meme coin; it’s an invitation to join an epic journey. The narrative centers around Arctic Pablo, a daring explorer venturing into uncharted icy realms, uncovering hidden treasures symbolized by the $APC tokens. This storytelling approach transforms the investment experience into a shared adventure, bridging the gap between myth and reality. The presale of Arctic Pablo Coin is uniquely structured around “locations” rather than traditional stages. Each location represents a phase in Arctic Pablo’s expedition, with the current stop being Frosty Falls, the 14th location. At this juncture, the coin is priced at $0.000074, and the presale has impressively raised over $1.88 million. Investors entering at this point have the potential to experience a staggering return on investment (ROI) of over 10,694.59% upon reaching the anticipated launch price of $0.008. To illustrate, a $500 investment now would procure approximately 6,756,520 APC tokens, which could escalate to a value of $54,052.16 at launch. A notable feature of Arctic Pablo Coin is its deflationary mechanism. Unsold tokens from each presale location are permanently burned, reducing the total supply and enhancing scarcity. This strategy fosters a deflationary environment, boosting investor value and ensuring long-term sustainability. All token burn transactions are meticulously recorded on the Binance Smart Chain (BSC), ensuring transparency and trust. Arctic Pablo Coin offers a staking program with an attractive 66% Annual Percentage Yield (APY) for those seeking passive income opportunities. Investors can watch their holdings grow by staking their APC tokens, with all staked coins vested for two months from the launch date. This initiative encourages long-term participation and rewards community members for their commitment. It is one of the best new meme coins for exponential returns. BoneShibaSwap: Merging Memes with Decentralized Finance BoneShibaSwap emerges as a compelling contender in the meme coin arena, seamlessly integrating the playful essence of meme culture with the robust functionalities of decentralized finance (DeFi). As a pivotal component of the Shiba Inu ecosystem, BoneShibaSwap offers users a decentralized platform to swap tokens, stake assets, and participate in yield farming. The platform’s native token, BONE, serves multiple purposes within the ecosystem. Holders can stake BONE to earn rewards, participate in governance decisions, and benefit from transaction fee discounts. This multifaceted utility enhances the token’s appeal, attracting both meme enthusiasts and serious DeFi investors. One of BoneShibaSwap’s standout features is its commitment to community governance. BONE token holders can propose and vote on changes to the platform, ensuring that the community’s voice is integral to its evolution. This democratic approach fosters a sense of user ownership and engagement, strengthening the project’s foundation. ANDY: A Tribute to Digital Art and Community Engagement ANDY coin pays homage to the legendary artist Andy Warhol, encapsulating the spirit of pop art within the cryptocurrency realm. This meme coin distinguishes itself by focusing on digital art and fostering a community of creators and enthusiasts. The core objective of ANDY is to bridge the gap between art and blockchain technology. By leveraging non-fungible tokens (NFTs), ANDY enables artists to tokenize their creations, providing them with new revenue streams and broader exposure. Conversely, collectors gain verifiable ownership of unique digital artworks, enriching their portfolios with culturally significant pieces. Community engagement is at the heart of ANDY’s ecosystem. Regular virtual galleries, art contests, and collaborative projects are organized to encourage participation and showcase emerging talents. This vibrant community fosters creativity and positions ANDY as more than just a meme coin; it’s a movement celebrating digital art’s evolution. Conclusion: The Best New Meme Coins for Exponential Returns Are Here Based on our research and market trends, Arctic Pablo Coin, BoneShibaSwap, and ANDY stand out as some of the best meme coins for exponential returns. Arctic Pablo Coin offers a unique storytelling experience with massive ROI potential and a lucrative staking program. BoneShibaSwap bridges meme culture with DeFi utility, and ANDY pioneers the integration of digital art and blockchain technology. With Arctic Pablo Coin’s price set to rise soon, this could be the last chance to invest at its current low entry point. Don’t miss the opportunity to be part of this extraordinary journey. Join the Pablo meme coin presale now! For More Information: Arctic Pablo Coin: https://www.arcticpablo.com/ Telegram: https://t.me/ArcticPabloOfficial Twitter: https://x.com/arcticpabloHQ FAQs: What is the best new meme coin for exponential returns? Arctic Pablo Coin, BoneShibaSwap, and ANDY are top contenders, each offering unique investment opportunities. How does Arctic Pablo Coin’s staking program work? Investors can stake their APC tokens and earn 66% APY, with a two-month vesting period post-launch. Why is Arctic Pablo Coin’s price about to rise? With its deflationary mechanism, high demand, and increasing investor interest, the price is set to surge soon. The post Get in before the Rocket launches—Arctic Pablo’s Explosive Gains While BONE Gains Traction and ANDY’s NFT Revolution Begins: Best Meme Coins for Exponential Returns appeared first on TheCoinrise.com .
Key takeaways: Our Aptos price prediction anticipates a high of $15.54 by the end of 2025. In 2027, it will range between $29.33 and $35.91, with an average price of $30.18. In 2030, it will range between $89.95 and $109.65, with an average price of $92.60. The Aptos blockchain has aggressively attracted capital into its ecosystem, with its total value locked (TVL) rising above $800 million. Aptos is a high-performance layer-1 blockchain with a mature ecosystem comprising a variety of decentralized finance (DeFi) applications. Aptos network continues to build decentralized applications and tools for developers. But how about APT’s performance? How high will it go? Is APT a good investment? Let’s explore these questions in our Cryptopolitan price predictions from 2025 to 2031. Overview Cryptocurrency Aptos Symbol APT Current price $5.22 Market cap $3.14B Trading volume $136.37M Circulating supply 590.02M All-time high $19.90 on Jan 30, 2023 All-time low $3.09 on Dec 30, 2022 24-hour high $5.32 24-hour low $4.98 Aptos price prediction: Technical analysis Metric Value Volatility (30-day variation) 6.01% 50-day SMA $6.51 200-day SMA $8.49 Sentiment Bearish Green days 15/30 (50%) Aptos price analysis At press time, March 14, Aptos traded at $5.22, a 4.85% rise in 24 hours, with its trading volume dropping by 14.90%. The price chart shows that Aptos could be heading for a retest after a daily breakout. Aptos 1-day chart price analysis APT/USD 1-day chart. Source: TradingView At current levels, Aptos is trading downwards. The William Alligator trendlines signal little volatility, and the relative strength index is in neutral territory. The MACD histograms indicate little market momentum. Aptos 4-hour chart price analysis Aptos 4-hour chart The 4-hour chart, unlike the daily chart, shows rising volatility and positive price momentum on the MACD histograms. The price trend on the chart is neutral. Watch the $4.99 level on the chart at the channel’s lower trendline if the drop continues. The cryptocurrency could find support near a range of narrow consolidation. Investors should monitor the $5.35 level upon a price reversal. A rally into this area would likely face resistance from an earlier low at the flattening 100-day SMA. Aptos technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 6.54 SELL SMA 5 6.06 SELL SMA 10 6.24 SELL SMA 21 6.10 SELL SMA 50 6.51 SELL SMA 100 8.44 SELL SMA 200 8.49 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 6.03 SELL EMA 5 6.45 SELL EMA 10 7.27 SELL EMA 21 8.31 SELL EMA 50 9.60 SELL EMA 100 9.87 SELL EMA 200 9.50 SELL What to expect from Aptos price analysis next? Our analysis shows a bearish market sentiment, while the Fear and Greed Index shows fear among investors. The charts also show that APT continues to register droppin volatility on the 4-hour chart. Why is Aptos down? Aptos was bullish in the last quarter of 2024. The wider crypto market corrected into 2025. Will Aptos reach $10? Yes, Aptos rose above $10 this year. The move will come as the market recovers to previous highs. Will Aptos reach $100? Per the Cryptopolitan price prediction, Aptos will reach the $100 mark in 2031. Will Aptos reach $1000? Per the Cryptopolitan price prediction, it remains unlikely that Aptos will get to $1000 before 2031. What is the long-term price prediction for Aptos? According to Cryptopolitan price predictions, Aptos will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory. How high can Aptos coin go? Per the Cryptopolitan price prediction, Aptos will reach a high of $24.84 in 2031. Is Aptos worth investing in? APTOS’s design prioritizes scalability, reliability, and upgradeability. It is notable for using the MOVE programming language, developed by Facebook and now META. While the current trend is bearish, predictions paint a different narrative. Recent news Aptos Labs has revealed its new blockchain execution engine, Shardines, that has unlocked 1 million transactions per second for non-conflicting transactions and more than 500,000 TPS for conflicting transactions. The sharded execution engine enables the Layer 1 blockchain to achieve horizontal scalability. Aptos price prediction March 2025 The Aptos price forecast for March is a maximum price of $7.48 and a minimum price of $4.85. The average price for the month will be $5.78. Month Potential low ($) Potential average ($) Potential high ($) March 4.85 5.78 7.48 Aptos price prediction 2025 For 2025, APT’s price will range between $3.50 and $15.54. The average price for the period will be $9.72. Year Potential low ($) Potential average ($) Potential high ($) 2025 3.50 9.72 15.54 APT price prediction 2026-2031 Year Potential low ($) Potential average ($) Potential high ($) 2026 16.59000 21.18000 24.84000 2027 29.33000 30.18000 35.91000 2028 44.08000 45.59000 50.67000 2029 64.42000 66.24000 77.14000 2030 89.95000 92.60000 109.65000 2031 131.21000 135.84000 155.97000 Aptos price prediction 2026 The Aptos price prediction estimates it will range between $16.59 and $24.84, with an average price of $21.18. Aptos price prediction 2027 Aptos coin price prediction climbs even higher into 2027. According to the predictions, APT’s price will range between $29.33 and $35.91, with an average price of $30.18. Aptos price prediction 2028 Our analysis indicates a further acceleration in APT’s price. It will trade between $44.08 and $50.67, with an average price of $45.59. Aptos price prediction 2029 According to the Aptos price prediction for 2029, the price of APT will range between $64.42 and $77.14, with an average price of $66.24. APT price prediction 2030 According to the Aptos price prediction for 2030, Aptos will range between $89.95 and $109.65, with an average price of $92.60. Aptos price prediction 2031 The Aptos price prediction for 2031 is a high of $155.97. It will reach a minimum price of $131.21 and an average price of $135.84. Aptos price prediction 2025 – 2031 APT market price prediction: Analysts APT price forecast Platform 2025 2026 2027 Digitalcoinrice $12.97 $15.23 $21.18 Coincodex $16.72 $11.95 $6.51 Gate.io $6.11 $7.49 $9.21 Cryptopolitan’s APT price prediction Our predictions show that APT will achieve a high of $15.54 before the end of 2025. In 2027, it will range between $29.33 and $35.91, with an average of $30.18. In 2030, it will range between $89.95 and $109.65, with an average price of $92.60. Note that the predictions are not investment advice. Seek independent professional consultation or do your research. Aptos historic price sentiment Aptos price history. Image source: CoinStats Aptos raised seed funding in January 2022, led by a16z. Series A funding included Apollo, Dragonfly, Franklin Templeton, and others. Some members previously worked on the Diem blockchain proposed by Facebook. The Aptos mainnet launched in October 2022 with an initial supply of 1 billion tokens. After the launch hype, Apt fell to its lowest in December 2022, at $3.09. A month later, the tables turned, as it peaked at a time high of $19.90 on January 30, 2023. It pumped, partly driven by the NFT market. Collections such as Aptos Monkeys and Aptomingod have attracted more users. On June 6, it fell below its initial listing price and extended the losses in the preceding months. In October, it started correcting, rising as high as $8.47 in November. In 2024, it broke above $10, reaching $18 in March. From April, it reversed, falling below $10. By September, it had fallen as low as $6. It recovered in October, rising above $7.50. It crossed into November, trading at the $8.9 mark, and rose to as high as $13.91. It corrected and traded at $13.24 into December. It later corrected and crossed into 2025, trading at the $8.71 mark. The drop continued into February and March as it fell below $6.
Bitcoin Magazine Bitcoin Is A Strategic Asset, Not XRP A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United States (using some very questionable math and logic). I’m here to tell you that XRP is not a strategic asset and that the logic in this proposal is dubious at best. In the proposal, Staudinger states that $5 trillion is locked up in U.S. Nostro accounts (accounts that banks use for cross-border payments). And he claims that if certain regulatory conditions were created — including the SEC classifying XRP as a payment network, the U.S. Department of Justice (DoJ) providing legal clearance for banks to use XRP, and the Federal Reserve mandating that banks use XRP as a liquidity solution — then 30% of this capital ($1.5 trillion) would be freed up for the U.S. government to buy 25 million bitcoin at $60,000 per bitcoin. So, let’s break down why this makes little sense. First, Nostro accounts are simply bank accounts that U.S. banks hold in foreign countries. I’m not sure what sort of logic includes these domestic banks turning over the U.S. dollars that XRP would theoretically replace to the Federal government so that these dollars could then be used to acquire bitcoin on behalf of the government. Second, the proposal doesn’t offer details on how these domestic banks would obtain the XRP that would replace the dollars. It only seems logical that they’d have to purchase the XRP, leading to XRP absorbing this $1.5 trillion, not bitcoin. Even if Ripple, XRP’s issuer, wanted to simply give these banks XRP to use, this still wouldn’t work, as it only holds about $100 billion in XRP — far short of $1.5 trillion. Third, even if bitcoin’s price were to dip to $60,000, the price would begin increasing immediately as the U.S. government began purchasing the 25 million bitcoin. Lastly, there’s a hard cap of 21 million bitcoin (and approximately 4 million have been lost ), which is a well-known fact in the Bitcoin or crypto space. Therefore, it’s quite silly to suggest that the U.S. government could buy 25 million bitcoin. If the author were even a half-serious person, he might have suggested that the government buy 15 million bitcoin at $100,000 per bitcoin (though the math still wouldn’t work out). Given how faulty the logic behind this proposal is, it’s difficult to consider XRP a strategic asset. Plus, why would the U.S. government do so when two thirds of the supply is still in the hands of the organization that issued the asset? It doesn’t make much sense. Bitcoin, on the other hand, is a globally distributed asset that many around the world use as both money and a store of value. Plus, the Bitcoin network is governed by tens of thousands of nodes and is virtually impenetrable, thanks to the approximately 0.4% of the world’s energy that protects it. (The XRP network is governed by 828 nodes and isn’t protected by any amount of energy.) Theses factors make bitcoin a logical reserve asset, which is how the U.S. government now officially classifies it . So, hopefully, the SEC already understands what I’ve outlined in this piece and doesn’t spend much time even considering Mr. Staudinger’s proposal. This article is a Take . Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine. This post Bitcoin Is A Strategic Asset, Not XRP first appeared on Bitcoin Magazine and is written by Frank Corva .
World Liberty Financial Initiative (WLFI), the cryptocurrency project backed by US President Donald Trump, has concluded its token sale. During the process, it amassed approximately $590 million. This places WLFI among the top 10 largest token raises in history, as per data from ICODrops. WLFI Token Sale Unlike traditional cryptocurrencies that can be freely traded, WLFI tokens were exclusively available to accredited investors, with restrictions preventing public trading or transfers. Additionally, no timeline has been announced for a potential exchange listing. WLFI was launched in September 2024 in a bid to advance decentralized finance (DeFi) and promote US dollar-pegged stablecoins to strengthen the USD’s dominance in global markets. The project’s main offering is a DeFi lending platform. The governance token, WLFI, was introduced for public sale on October 15 and initially targeted a $300 million raise. The sale offered 20 billion tokens at $0.015 each but faced weak demand and attracted just $11 million from 766 million tokens sold. In response, the fundraising goal was lowered to $30 million. Interest in WLFI increased following the popularity of Trump-related meme coins, such as Official Trump (TRUMP) and Official Melania (MELANIA). By January 20, the initial sale had ended, with 20% of the total supply sold. Recognizing heightened demand, the project released an additional 5 billion tokens at $0.05 each, which nearly sold out by March 13. WLFI holders will have governance rights over the WLF Protocol; however, tokens will remain non-transferable for the first 12 months post-launch. One of the most significant investors in WLFI is Tron’s founder, Justin Sun, who purchased $30 million worth of tokens in late November, becoming the top investor position at the time. WLFI Portfolio at $124M Loss Meanwhile, Lookonchain revealed that World Liberty Financial Initiative’s portfolio of 9 crypto assets is now down $124 million, with some of the biggest losses coming from Wrapped Bitcoin (wBTC), Aave (AAVE), and Tron (TRX) as a result of the market-wide turbulence this week. Interestingly, WLFI’s portfolio is heavily weighted in Ethereum, which makes up 65% of its holdings. The company acquired ETH at an average cost of $3,240 per token, but as the price fell to around $1,900 at press time, the altcoin’s depreciation has significantly impacted overall losses. The post Trump-Backed Crypto Project WLFI Closes Token Sale After Raising $590 Million appeared first on CryptoPotato .