Crypto traders and industry leaders have generally welcomed Donald Trump's stance on Bitcoin and digital assets. However, his new decentralized finance (DeFi) project, World Liberty Financial, and its WLFI tokens have not garnered the expected enthusiasm, with only a small fraction of the targeted $300 million being raised.

According to sources, as of the latest reports, the fundraising account holds a mere $11 million, or roughly 3.6% of the total aimed at attracting investors. This lukewarm response highlights the disconnect between favorable crypto policies announced by Trump and the actual appeal of the initiatives he backs.

Additionally, attendees of a promotional session on the X platform noted the lack of excitement from the crypto community regarding the WLFI token, as they criticized the limited functionality of non-transferrable tokens.

In a twist, despite Trump's engagement and social media push for this token, the sale continues to see minimal activity, as evidenced by the collective sales data which shows only 761.8 million tokens sold out of 20 billion offered by the project.

Amid this chaos, the project's team has faced scrutiny over regulatory issues, with legal experts advising that the project may carry significant risks, including potential violations of securities law. These insights have raised concerns among crypto investors, reminding them that prominent backers do not always ensure a venture's success in the blockchain space.