TLDR
- WLFI Token debuts on Binance, hits $7B market cap before sharp price drop.
- Trump-backed WLFI surges 1,700% at launch, tumbles to $0.246 hours later.
- WLFI Token makes volatile $7B debut, trading live on Binance & Bybit.
- World Liberty’s WLFI lists on Binance, sparking $12M liquidations in hours.
- WLFI Token rockets to top 30 crypto, then slides amid heavy market swings.
The WLFI Token, launched by World Liberty Financial, started trading today on major crypto exchanges including Binance and Bybit. The token entered the market with a trading price above $0.30 before falling to $0.246 within hours. The WLFI Token, supported by Trump family members, immediately became one of the largest digital assets by market capitalization.
WLFI Token Makes Powerful Entry on Binance
Binance opened deposits for the WLFI Token at 04:00 UTC and launched spot trading at 13:00 UTC on September 1. The exchange listed two trading pairs: WLFI/USDT and WLFI/USDC, enabling high liquidity from day one. Withdrawals for the WLFI Token will open on September 2 at 13:00 UTC.
The listing fee was set at 0 BNB, and the token operates on the Ethereum Smart Chain. Binance also applied the Seed Tag to WLFI Token, requiring users to complete quizzes every 90 days to access trading. This tag signifies high-risk tokens that may experience intense price fluctuations in early stages.
Spot Algo Orders went live immediately, while Spot Copy Trading and Trading Bots are expected within 24 hours. Binance excluded users from certain jurisdictions, including the U.S., Canada, and the Netherlands, from trading the WLFI Token. The launch reflects Binance’s continued push to support high-profile DeFi projects with strong public attention.
Market Reaction to WLFI Token Highlights Strong Volatility
The WLFI Token debuted with a market cap of nearly $7 billion, placing it as the 31st largest crypto by market value. Trading started above $0.30 but dipped by over 12%, settling around $0.246 by early evening UTC. The WLFI Token quickly generated over $12 million in liquidations, affecting both long and short positions.
CoinGecko and CoinMarketCap ranked the token among the top 30 cryptos by market capitalization. Early buyers who acquired WLFI Token at $0.015 saw gains of over 1,700% before the decline. This rapid swing illustrates the token’s volatile nature, which is common among newly tradable governance-based digital assets.
More than $8.5 million in long WLFI Token positions and $3.8 million in shorts were liquidated in under five hours. The demand for WLFI Token came after a July vote, which allowed its tradability, converting it from a non-transferable governance asset. As a result, WLFI Token trading now enables price speculation and broader market access.
WLFI Token Carries Political and Financial Implications
World Liberty Financial, the platform behind the WLFI Token, brands itself as a decentralized finance protocol inspired by American values. The project previously raised $550 million by selling WLFI Token as a governance tool. It also launched a stablecoin, USD1, which has become the sixth largest by market cap.
The Trump family, including co-founders Donald Trump Jr. and Eric Trump, has earned significant profits from the project. Reuters reported gains exceeding $500 million from token holdings and related crypto deals. The WLFI Token has drawn scrutiny over potential conflicts of interest tied to ongoing regulatory discussions.
World Liberty Financial continues to grow its ecosystem. The WLFI Token now plays a key role in platform governance and future DeFi functionalities. With listings on Binance, OKX, and Bybit, WLFI Token is positioned as a high-profile and controversial digital asset in the crypto market.
