WLFI, the native token of World Liberty Financial, a decentralized finance project backed by the Trump family, has started trading on crypto exchanges and changed hands at over $0.30 shortly after its launch, implying a fully diluted valuation of over $30 billion based on a total supply of 100 billion tokens, according to The Block’s price page, The Block reported.
Binance has announced spot pairs in the WLFI/USDT and WLFI/USDC, making it the first major centralized crypto exchange to list the asset. The listing went live on Sept. 1 at 1 p.m., UTC, marking WLFI’s spot CEX debut. Several other venues, like Coinbase, Upbit and Gate, also shared plans to support trading.
Blockchain tracker Lookonchain flagged early selling pressure around the launch, noting that three presale wallets moved a combined 160 million WLFI worth about $51.2 million to Binance shortly after claiming.
Reuters reported: Some of the digital tokens backing the Trump family’s cryptocurrency venture, World Liberty Financial, began trading on Monday, the cryptocurrency company said.
The New World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and its business partners last year launched the venture, a “decentralized finance” platform that has also issued a stablecoin.
In July, investors voted to make them tradable, paving the way for their sale and purchase – and potentially boosting the value of the president’s holdings of them. Early investors can sell up to 20% of their holdings, World Liberty has said.
Decrypt reported: The President Trump-backed DeFi project World Liberty Financial unlocked its Ethereum token for trading today, debuting as already one of the largest cryptocurrencies by market capitalization.
Just over two hours after the token became tradable, CoinGecko placed WLFI as the 30th largest cryptocurrency at an $7.6 billion market cap and $26.7 billion fully diluted valuation. The numbers on CoinMarketCap are slightly different, with the index currently placing WLFI as the 24th largest while having a $6.48 billion market cap and a $26.28 billion diluted valuation.
The WLFI token is currently trading for around $0.265, already marking a significant return for early whitelisted buyers of the token who initially purchased the coin at a price of $0.015 per token. That’s a gain of more than 1,700%.
Nevertheless, over $8.51 million worth of long positions on WLFI have been liquidated so far today, according to CoinGlass, as well as $3.85 million worth of shorts — totaling $12.36 million in liquidations over its slightly over four-hour lifespan. To put that in perspective, $6.77 million in leveraged Bitcoin positions were recked in the past four hours.
“Big day – World Liberty Financial just launched the WLFI token,” Donald Trump Jr., World Liberty co-founder, said on X. “This isn’t some meme coin, it’s the governance backbone of a real ecosystem changing how money moves. Freedom + finance + America FIRST Home Team.”