The digital currency initiative tied to
Donald Trump, known as
World Liberty Financial, commenced operations on
September 1st. The project launched with an impressive initial market capitalization exceeding $7.4 billion, leading to significant trading activity right from the start.
According to
data from CoinMarketCap, the WLFI token experienced a surge of 13% to reach a price of $0.2525 shortly following its launch. The total trading volume has already surpassed $1.8 billion across both centralized and decentralized cryptocurrency exchanges.
Significantly, this high level of activity also impacted the broader crypto market.
Data sourced from Milk Road
indicates that Ethereum gas fees, which were previously negligible, increased to over 60 gwei. This rise occurred as numerous traders actively competed to finalize WLFI transactions on the Ethereum blockchain.
This surge in gas fees demonstrates the considerable interest that the Trump-associated token has generated among both individual and institutional investors.
WLFI token
In a blog
post published on September 1st, the World Liberty Financial team announced the initial circulation of over 24.6 billion WLFI tokens.
Of the total supply, approximately 10 billion tokens were retained by the parent organization, World Liberty Financial, Inc. Additionally, around 7.78 billion tokens were allocated to
Alt5 Sigma Corporation, representing nearly eight percent of the total supply, as part of their strategic treasury management.
Almost 2.9 billion tokens were earmarked for exchange-related activities, intended to ensure liquidity and support early-stage marketing initiatives. In parallel, more than 4 billion tokens were distributed to participants in the public sale, with an initial unlock of 20 percent upon launch.
The development team stated that the remaining 76 billion tokens are “subject to vesting schedules or are otherwise locked.” These remaining tokens belong to strategic partners, the development team, and the project’s treasury.
Donald Trump Jr.
characterized the token as an essential aspect of the project’s long-term goals. He emphasized that WLFI is intended to serve as a governance mechanism rather than simply a speculative asset.
Meanwhile,
Tron founder,
Justin Sun, who has publicly declared his support for the initiative, affirmed this perspective by promising that he would not sell his unlocked holdings.
He further announced that, in celebration of the launch,
USD1 circulation on Tron would be expanded to $200 million, thereby linking the progress of WLFI with the overall growth of stablecoins on his blockchain network.