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World Liberty Financial Launches WLFI Token Amidst High Trading Volumes and Early Sell-off
World Liberty Financial has made headlines with the launch of its WLFI token on September 1, receiving significant backing from Donald Trump and his two sons, Donald Jr. and Eric. Upon debut, 25% of the total 100 billion token supply was unlocked, pushing the initial valuation of the project to over US$30 billion (approximately AU$45.8 billion).
Initial Distribution and Market Performance
At launch, 24.67 billion WLFI tokens were made available, which includes various allocations: 10 billion designated for the World Liberty ecosystem, nearly 7.8 billion for Alt5 Sigma’s treasury reserves, 2.9 billion for liquidity and marketing efforts, and 4 billion for public sale participants, with 20% of their allocations available immediately.
Following the launch, the majority of the tokens, including those set aside for the team and treasury, are still locked up under vesting agreements, with future distributions contingent on votes by token holders.
Surge in Trading Activity
Trading for WLFI commenced on several prominent exchanges as Binance listed spot trading pairs WLFI/USDT and WLFI/USDC, joined by Coinbase, Kraken, and MEXC. The token debut saw robust trading activity, with volumes exceeding US$2.5 billion (around AU$3.82 billion) shortly after launch, and derivatives trading reaching over US$4.6 billion (approximately AU$7.02 billion).
However, immediate sell pressure was evident as presale wallets shifted a total of 160 million WLFI tokens, valued at roughly US$51.2 million (AU$78.2 million), to Binance soon after the tokens became available.
This selling pressure resulted in a decline of the token’s value, with WLFI dipping to US$0.246 (AU$0.38), a decrease of approximately 12% from its initial high, leading to a market capitalisation nearing US$7 billion (AU$10.7 billion) and placing it 31st among all digital assets.
Overview of World Liberty Financial
Founded in 2024, World Liberty Financial positions itself as a decentralised finance (DeFi) platform that interlinks traditional financial offerings with blockchain technology. Operating on the Ethereum network and utilising Aave V3 protocols for its lending and borrowing services, WLFI functions as the governance token within the platform. Additionally, the project’s stablecoin has reached a valuation of US$2.6 billion (approximately AU$4 billion) across multiple blockchain networks.
As the cryptocurrency landscape continues to evolve, the performance and governance of WLFI will be closely monitored, particularly given the significant market activity surrounding its introduction.
