The WLFI token from World Liberty Financial demonstrated remarkable success on secondary markets, achieving record trading volumes just an hour after launch.
Launch Metrics
WLFI launched on decentralized exchanges at 8:00 AM ET with an opening price of $0.28. Within the first hour, it achieved a derivatives volume of $7.5 billion and recorded open interest at $933 million. The token briefly spiked to $0.33 but settled at $0.2735 by 10 AM, marking a 2% decline from the launch price.
Links to the Trump Family
World Liberty Financial is backed by the Trump family, including Eric Trump, Donald Trump Jr, and Barron Trump. Founded in 2024, the project aims to ensure the dominance of U.S.-pegged stablecoins, bridging traditional finance and decentralized systems. Donald Trump serves as the 'chief crypto advocate' while his sons hold titles as ‘Web3 ambassadors.’
Significant Blockchain Moves
Early traders capitalized on launch volatility. One smart trader reportedly made a profit of about $264,000 within 10 minutes of the decentralized launch. Large presale participants moved quickly to centralized exchanges, with notable transactions of WLFI tokens valued at millions being deposited to platforms like Binance.
The WLFI token launch marked a significant event in the cryptocurrency world, showcasing considerable trader interest and establishing a notable connection with political figures.
