World Liberty Financial (WLFI), a cryptocurrency associated with the Trump family-backed crypto project, has experienced a significant uptrend ahead of its token unlock on September 1. With multiple platforms already announcing the pre-market trading for the WLFI/USDT perpetual contracts, investors are closely awaiting the unlock event, speculating on its potential impact.
WLFI Token Unlock Details
Notably, World Liberty Financial has launched its official WLFI token, with its trading slated to be effective on September 1 at 12.00 UTC. The presale saw a massive accumulation of $550 million when the tokens were sold to accredited investors adhering to the SEC regulations.
Reportedly, the token has gone live on the Ethereum mainnet, setting the stage for its official unlock. During the September 1 unlock event, 20% of the total token supply will be released and made available to eligible customers. Early investors who participated in the $0.015 and $0.05 presale rounds can claim this 20%. This constitutes around 5% of the total 100 billion token supply.
The remaining 80% will be subject to a governance vote where the community members will decide on the future unlock schedule. Until then, the majority shares held by the team, founders, and advisors will remain locked. This ensures a continued commitment to the project’s long-term success.
WLFI Lockbox System
As announced by World Liberty Financial, investors should activate WLFI Lockbox, an audited smart contract built on Ethereum. The Lockbox system is successfully audited by Web3 security giant Cyfrin to ensure safe token unlock.
While WLFI executed the activation of the Lockbox on August 25, it has provided users with an opportunity for earlier investors to access their holdings immediately. Within 5.5 hours, the Lockbox contract received a staggering $6.55 billion in tokens, valued at about $1.5 billion. This represents 6.5% of the token’s total supply. Experts assert that two of the top 10 individual holders have already transferred their tokens to the contract.
This substantial influx of tokens ahead of the trading underscores the growing confidence among WLF community members. The rapid adoption could signal bullish momentum for traders, potentially driven by reduced circulating supply and enhanced scarcity.
Major Exchanges Begin Perpetual Futures Trading
Interestingly, as the market eagerly awaits the official trading of the WLFI token, major crypto exchanges like Binance, Bybit, and OKX have already listed perpetual futures on Saturday. The price started around $0.40 and is now stabilized at around $0.42. Major exchanges like UniSwap and Bitget are among the anticipated platforms to initially list the WLFI token.
WLFI Token Price Soars 64%
Driven by this positive sentiment, the WLFI token has seen a massive surge of 14% over the past 24 hours. Currently priced at $0.000000000003760, the token has surged by a staggering 64% in a month and 17% in a week. The trading volume is also currently high at $13.25k, up 10%.
Growing interest in the Trump-backed crypto project reflects the increasing institutional participation in DeFi protocols. With trading currently limited to futures, upcoming token unlocks and new integrations are poised to boost its market presence.
As WLFI transitions to spot trading, investors are closely watching its price movements and the unlock’s potential impact on the token’s value.
