Trump WLFI coin unlocks on 9/1, mysterious giant whale holdings exceed 100 million USD
The highly anticipated DeFi platform related to former U.S. President Trump's family, 'World Liberty Financial' (WLF), officially announced that the governance token $WLFI will be launched on the Ethereum mainnet at 8 AM EST on September 1, and will initiate the unlocking of investor tokens.
With the news, the pre-market perpetual contract prices on major exchanges soared, while on-chain data reveals that early participants have turned their paper gains into billionaires with just this single token.
WLFI pre-market contract price dropped from $0.4 to $0.22, but the whale's unrealized profits are still astonishing.
Multiple foreign media reports indicate that WLF will unlock 20% of early investors' holdings on September 1, with these investors having originally purchased in private and public offerings at a cost of only $0.015 to $0.05 per token.
However, before the token circulates officially, mainstream exchanges like Binance, Bybit, and OKX launched perpetual contract trading for $WLFI last weekend.
Market reaction has been extremely enthusiastic, with the pre-market contract price fluctuating between $0.40 and $0.42, but as of the time of writing, it has dropped to around $0.22.
Although the pre-market contract price cannot be seen as the sole basis for judging the listing price, at $0.22, the potential increase of WLFI has already exceeded 1,000%. If calculated at the current pre-market contract price, the total issuance of WLFI is 100 billion tokens, with a fully diluted valuation (FDV) exceeding $20 billion.
The astonishing price increase has also created early 'on-chain giants.' Chinese on-chain analyst Aunt Ai pointed out on the X platform (formerly Twitter) that the largest individual holding address of $WLFI, moonmanifest.eth, holds over 1 billion tokens, accounting for 1.0007% of the total supply.
If estimated at the pre-market high of about $0.42, the value of the holdings at this address has reached up to $420 million (about 13.4 billion TWD). Even calculated at the recent contract price of about $0.22, the value exceeds $220 million, yielding astonishing returns. Aunt Ai commented: 'This is indeed a reward for the believers.'
From controversy to listing, will WLFI become a god coin or crash immediately upon opening?
Looking back at the development history of Trump's crypto platform project WLF, it is indeed full of topics and controversies. $WLFI was initially designed as a non-transferable governance token, and its early association with the DeFi protocol Dough Finance, which was previously attacked by flash loan, raised concerns. Moreover, due to the deep involvement of the Trump family, it has also attracted concerns from Democratic lawmakers in the U.S. about conflicts of interest.
However, WLF passed a proposal for token transferability with an overwhelming support rate of 99.9% through community voting in July this year, officially transitioning from a closed governance model to the open market.
(Bloomberg) Previously reported that WLF is planning to raise $1.5 billion to establish a reserve company holding $WLFI tokens, aiming to stabilize token value through issuing debt and equity to centrally purchase various crypto assets.
In addition to token layout, WLF has also issued a stablecoin USD1 pegged to the dollar and continues to develop its DeFi lending platform.
As September 1 approaches, $WLFI is about to officially enter public circulation from a controversial mysterious project. Whether this project, deeply involved with the Trump family, will receive a good price feedback upon listing or become another common operation in the crypto circle where whales dump their holdings is worth investors' attention.
See more news related to Trump WLFI coin:
Trump's crypto platform will issue WLFI coin! Foreign media exclusively reveals the white paper, who are the members?
Overwhelming approval! Trump's crypto platform WLFI will open for trading, will it be available on exchanges soon?
Planning to raise $1.5 billion! Trump's crypto platform WLF continues to layout, hoping to create a WLFI reserve company.
WLF founder shares USD1 vision! Cathay continues to expose RWA strategy, regulatory progress becomes the focus.
The article 'Trump DeFi coin WLFI launches on 9/1! Pre-market contract trading price $0.22, public whales become billionaires with just one token' was first published in 'Crypto City.'
