- WLFI token launched with over 24 billion tokens in circulation, ranking it 23rd by market cap at $7.4 billion.
- Major exchanges like Binance and Kraken have listed WLFI, while others, including Coinbase, plan to follow suit.
- Presale investors are moving millions of WLFI tokens to exchanges, securing profits from the token’s successful market debut.
World Liberty Financial (WLFI) has officially launched its governance token, with over 24 billion WLFI tokens in circulation. Following the token’s release, major cryptocurrency exchanges like Binance, Kraken, and MEXC have already listed WLFI, marking a significant milestone for the project. The involved investors are already selling their already possessed tokens in the exchanges and making a profit since they bought them at a lower price in the presale and sell them in the exchanges at a higher price.
The WLFI token had the highest market cap, at launch, of $7.4 billion, as the 23rd largest cryptocurrency by market value. With a circulating supply of 24.66 billion tokens, WLFI has made an immediate impact on the market. The token’s fully diluted market cap stands at $30 billion, based on its total supply of 100 billion tokens. WLFI is currently trading at around $0.30 per token, with substantial movement across major crypto platforms.
Top Exchanges List WLFI Token
WLFI’s launch has been met with a positive reception, with Binance, Kraken, HTX, and MEXC quickly adding it to their listings. Additionally, other prominent exchanges, including Coinbase, have announced their plans to list WLFI in the near future. The collaboration with the Chainlink CCIP bridge means that users can easily transfer their tokens between various blockchain networks, which increases the liquidity and accessibility of the project further.
According to Lookonchain data, several large presale investors have moved significant amounts of WLFI tokens to exchanges. There was one wallet that had transferred 60 million tokens and two others that had transferred 53 million and 46 million tokens, respectively. This mass exodus reflects the sort of profit motive that presale participants have in the token, as they look to cash in on the price boom.
Token Allocation Breakdown
The WLFI token’s circulating supply is broken down into several key allocations. Around 10 billion tokens are designated for the ecosystem, while 7.78 billion tokens are held by Alt5 Sigma Corporation, which controls 8% of the total supply. Another 2.88 billion tokens are set aside for liquidity and marketing purposes, ensuring the smooth execution of the token’s initial exchange offerings. Additionally, presale participants received 4 billion tokens, representing a 20% unlock at the token’s launch.
Eric Trump, WLFI co-founder, stressed that the WLFI token launch represents a new paradigm of financial freedom, which is centered on trust, speed, and values that are based in the U.S. He emphasized that this was one of the key directions of decentralized finance in the future and that the company is dedicated to building a financial ecosystem, which hinges on these principles.
