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WLFI listing sparks hype, hits top 30 crypto by market cap
The September 1 listing of WLFI, the token from World Liberty Financial, on major crypto exchanges propelled the Trump family-backed project to 26th place by market capitalization, surpassing many well-established cryptocurrencies.
WLFI’s launch created massive hype as investors gained access to trade this highly anticipated token after months of accumulation.
Binance was the first major exchange to list WLFI for spot trading, though both Binance and Bybit had already launched perpetual futures trading on August 23. Bitget opened pre-market trading in late August and also announced a spot listing. WLFI is now available on Kraken, OKX, KuCoin, and MEXC.
Investors should be cautious: alongside the official WLFI token, there is a “club version” with a trillion-token supply and a price featuring ten decimal places.
The official WLFI project has a total supply of 100 billion tokens, with an initial circulation of 24.66 billion tokens — less than one-fourth of total distribution.
According to CoinMarketCap, trading began with strong momentum, and WLFI briefly doubled in price to $0.40 before dropping to $0.21, down 6% from its launch price.
WLFI price dynamics for 24 hours. Source: CoinMarketCap
Despite this, WLFI reached a $5.35 billion market cap on day one, securing its spot as the 26th largest cryptocurrency.
Justin Sun strengthens ties with Trump
The listing of the Trump-backed crypto project is already influencing other major cryptocurrencies, including TRX.
Justin Sun, founder of Tron, became one of WLFI’s largest early buyers and publicly stated plans to increase his holdings to $200 million.
However, Arkham data shows that Sun already controls $891.2 million worth of WLFI. He also announced he would not sell his stake “in the near future.”
This has triggered a whale-driven selloff in Tron, with retail investors worried that capital flows from the TRX ecosystem into Trump-backed projects could negatively impact TRX prices.
As we wrote, WLFI listing: Trump token hype and risk factors
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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