Trump-Backed WLFI Token Launches with Limited Access, Decentralization Concerns Linger
The WLFI token, backed by former President Donald Trump, has commenced trading—but only for early investors who participated in public sale rounds at $0.015 and $0.05. Team and insider allocations remain locked, pending future community votes, yet the concentration of holdings among Trump-affiliated entities and institutional backers raises questions about the project's decentralization claims.
No private sale was conducted, mitigating risks of backdoor allocations. Public trading will begin once centralized exchange listings are finalized, with the team promising a rewards program to spur engagement. The token's political origins and heavyweight support cast doubt on its ability to embody Web3's decentralized ethos.