Donald Trump’s WLFI token will be in the spotlight today, September 1, as it goes public for the first time. If things go according to plan, World Liberty Finance could be the largest token launch of the year, with the futures market predicting a fully diluted valuation of over $30 billion.
What is World Liberty Financial?
World Liberty Financial is a crypto project mostly owned by Donald Trump and his family. It raised millions of dollars from investors, including Justin Sun, during its token sale.
Since then, it has spent millions of dollars accumulating cryptocurrencies. It owns USD1 stablecoin worth over $108 million, Ethereum worth more than $88 million, and Tether worth $84 million. Other tokens in its ecosystem are USDC, Bitcoin, Tron, Aave, and Chainlink.
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WLFI is mostly known for being the parent of USD1, one of the largest stablecoins in crypto, with over $2.6 billion in assets. Most of these assets were acquired through a $2 billion investment made by MGX in Binance earlier this year.
Data shows that USD1 is a highly active stablecoin, with over $641 million in volume in the last 24 hours. Its stablecoin addresses increased by 44% over the last 30 days to 539,000, and its transaction volume reached $10.6 billion.
WLFI will have a total supply of 100 billion tokens, with 5% of them released on launch and the remaining 95% unlocked over the next 12 to 24 days.
Will WLFI Token be a Good Buy?
The most likely scenario is where the WLFI token surges after it goes live as top exchanges list it. OKX and Binance have already confirmed that they will list it.
The other major catalyst is when companies go ahead and file for spot WLFI ETFs. The theory is that the SEC, which is staffed by Trump’s loyalists, will eventually list it, leading to increased demand from investors. ALT5 Sigma has already pledged to invest $1.5 billion in WLFI tokens.
However, caution is warranted, as not everything associated with Donald Trump has succeeded in the long term. TRUMP meme coin has already plunged by over 90% from its highest point this year.
Similarly, Trump Media stock has tumbled by 73% from its high last year, even as the use of TruthSocial and its Bitcoin accumulation have grown.
Therefore, it is likely that the WLFI price will initially jump and then plunge as insiders and early buyers sell.
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