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Crypto Prune > News > Crypto > Altcoins > Donald Trump’s new altcoin shows important activity – it suddenly spiked, here’s the latest data
Altcoins

Donald Trump’s new altcoin shows important activity – it suddenly spiked, here’s the latest data

6 months ago 1 Min Read

According to data from the HTX market, pre-release trading prices for global Liberty Financial (WLFI) tokens rose 19% in 24 hours to over $0.30.

Open interest in WLFI futures contracts is now at $423 million, with 24-hour trading volumes reaching $755 million, according to Coinglass data. The overall network long/short ratio is 0.947.

A chart showing WLFI’s recent price rise.

The World Liberty Finance (WLFI) project, linked to the Trump family, will begin on September 1st on the Ethereum Network.

From this date, the token will become tradeable and redemptive. Early investors (those who participated in the $0.015 and $0.05 purchase rounds) can unlock 20% of the token. The remaining 80% is determined by community votes. Tokens belonging to founding teams, advisors and partners will not be unlocked.

According to on-chain data, 145.9 billion WLFIs have been transferred to Lockbox contracts, accounting for 14.59% of the total supply. Based on current contract prices, this represents a value of approximately $4.1 billion.

*This is not investment advice.

See also  Here's why Rize Crypto is over 40% today
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