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- WLFI open interest nears $950M, with 535% spike in derivatives trading.
- Token unlock of 5 billion WLFI could push fully diluted value to $34B.
- Binance dominates trading, while Trump family holds key roles and revenue share.
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World Liberty Financial (WLFI), the token tied to the Trump family, is drawing unprecedented attention as open interest on derivative contracts nears $950 million. After early Monday trading, open interest cooled slightly to $887 million but still represents a 45% rise in the past 24 hours, according to CoinGlass. Trading volume for WLFI derivatives surged over 535% in the last day, reaching $4.54 billion and making it the fifth-most traded crypto derivative globally.
This surge comes just hours before a partial token unlock, which is set to release approximately 5% of WLFI’s total 100 billion token supply. Currently trading around $0.34 per token, WLFI has slipped from a peak above $0.40 last week, yet market activity remains robust as traders anticipate the unlock.
Potential Top-10 Crypto Valuation on the Horizon
If WLFI maintains its current price, its fully diluted market value could reach $34 billion, potentially positioning it as the ninth-largest cryptocurrency by market capitalization. This would surpass Tron (TRX) and Dogecoin (DOGE), both of which hold market values under $32 billion. Based on the soon-to-be-unlocked 5 billion tokens, WLFI’s circulating market capitalization would be around $1.7 billion.
Binance Dominates WLFI Trading Volume
Binance leads the charge, accounting for roughly half of WLFI’s 24-hour trading volume at $2.22 billion, with more than 10.5 million trades. The exchange also handles the lion’s share of open interest, totaling $436.5 million. Following Binance, OKX ranks second with nearly 1.1 million trades and $917.5 million in volume.
Token Unlocks and Trump Family Involvement
WLFI plans to unlock 20% of early supporters’ tokens at 8 am New York time (12 pm UTC) on Sept. 1, following a community vote allowing the token to trade. Initially intended as a governance token for World Liberty’s Ethereum-based exchange and lending platform, WLFI has attracted global trading attention. The token sale rounds raised hundreds of millions, with early investors seeing markups up to 230%. Notably, former U.S. President Donald Trump is listed as “Chief Crypto Advocate,” while his sons serve as “Web3 Ambassadors,” and a Trump-tied company earns 75% of protocol revenues.
Also Read: World Liberty Financial’s WLFI Token Officially Launches on Ethereum Mainnet
As WLFI approaches its token unlock, market activity, open interest, and derivative trading are hitting record levels. With a potential top-10 market capitalization on the line, all eyes are on WLFI as traders brace for the impact of the unlocked tokens.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
