Preparation for Potential Market Fluctuations as WLFI Cryptocurrency Unlock Approaches
In a significant development, World Liberty Financial's native token, WLFI, is set for a substantial unlock at 8 a.m. ET. According to the latest report in the Unchained Daily newsletter, a Lockbox contract address received a transfer of 17.6 billion WLFI tokens from World Liberty Financial's main multisig wallet.
This news has caught the attention of derivatives traders, who have been actively buying pre-market contracts for WLFI, increasing the volume significantly. The volume of WLFI across exchanges has now reached an impressive $3.54 billion, marking a 563% increase.
Quinten Francois, founder of WeRate, has highlighted that World Liberty Financial has raised over $700 million in presales and an additional $1.5 billion from a Nasdaq-listed company, ALT5 Sigma Corp. The deal involving ALT5 was backed by Eric Trump and Donald Trump Jr., co-founders of World Liberty Financial.
The funds raised by World Liberty Financial have been managed by a treasury company formed by the financial institution. Interestingly, 20% of the tokens purchased by presale investors will become claimable through a Lockbox system.
With a pre-market price of $0.30, the projected valuation of World Liberty Financial after launch is over $30 billion. Quinten Francois predicts that with a fraction of the funds raised, the price of WLFI could easily reach $1.
This surge in volume occurred ahead of the scheduled unlock of WLFI tokens, indicating a strong interest from investors. As the unlock takes place, it will be interesting to see how the market reacts to this development.
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