Ah, the world spins madly on, and here we stand watching as the Trump clan’s shiny World Liberty Financial token flirts shamelessly with a staggering one billion dollars in open interest, mere hours before the grand unlocking spectacle. Because who doesn’t love a good countdown to chaos? ⏳💥
The fever pitch hit early Monday, with derivative contracts for WLFI swelling to a gleeful $950 million before settling down a bit to a modest $887 million. A tidy 45% surge in just 24 hours – practically a sprint in this carnival of coins, as reported by the oracle CoinGlass.
Trading volume has catapulted like a bottle rocket on the Fourth of July – soaring over 535% in a single day to a jaw-dropping $4.54 billion. It’s now comfortably nestled as the fifth-most traded crypto derivative in this wild bazaar. 🤑🎢
Meanwhile, WLFI itself plummets from its dizzying 40-cent peak a week ago to a humbler 34 cents – a classic dip that makes one wonder if everyone’s just pretending to be calm before diving headlong into the frenzy.
Open interest – that mysterious number tracking bets still hanging in the air – reveals a voracious appetite for WLFI just as around 5% of its token horde prepares to break free from their digital cages in mere hours.
Will WLFI Crash the Crypto Top 10 Party?
If WLFI holds its ground at roughly 34 cents, it dreams of a fully diluted market cap of $34 billion – enough to elbow its way into the top ten cryptos and boot out the likes of Tron and Dogecoin. Yes, that Dogecoin 🐕🚀 might have to pack its bags and find a new playground.
Should this price hold, the upcoming unlock will release tokens worth about $1.7 billion – a buffet for speculators that might just raise the roof or burn the house down. Either way, popcorn is advised. 🍿🔥
Binance: The Hungry Lion of WLFI Trades
Look no further than Binance, the beast that has gobbled up nearly half the 24-hour WLFI derivative volume – $2.22 billion worth with over 10.5 million lightning-fast trades. CoinGlass doesn’t lie: half the open interest, $436.5 million, prowls through its gates.
Trailing behind, OKX carries a respectable weight with almost 1.1 million trades tallying $917.5 million in the last day. Not bad for a crypto zoo where everyone’s trying to claim the crown.
The Great Token Unlock: Dice Rolled on Monday
World Liberty announced with the solemnity only a crypto project can muster that on Sept 1, at 8 am New York time (12 pm UTC), it would unlock 20% of tokens held by its early fans, who’ve been waiting with bated breath since mid-July’s community vote that gave WLFI permission to mingle on exchanges.
Exchanges like Kraken and Binance are rolling out the red carpet, ready to list WLFI – once a humble governance token for an Ethereum-based exchange and lending scene that sounds like a financial soap opera waiting to happen.
The company, rather boldly, raised a princely sum of $550 million through token sales. October’s sale of 20 billion tokens at 1.5 cents each scored $300 million, exclusively offered to accredited investors in the U.S., because exclusivity is the spice of life.
Not content to pause, they immediately launched another round at $0.05 per token – a 230% markup that must make the word “markup” quake in its boots – raking in another cool $250 million by mid-March.
And to put a cherry atop this crypto sundae, none other than US President Donald Trump himself is crowned “Chief Crypto Advocate” of World Liberty, while his sons Barron, Eric, and Donald Jr. strut their stuff as “Web3 Ambassadors.” Oh yes, a family affair, with a company tied to the clan pocketing 75% of the protocol’s fat revenues. Because what’s feminism without nepotism? 🤡💼
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2025-09-01 10:58