World Liberty Financial (WLFI) lands on major exchanges on day 1, token unlocks dampen gains

CoinJournal
CoinJournal
WLFI+21.60%
  • World Liberty Financial (WLFI) price has dropped 20% after its debut despite strong trading volumes.
  • Trump family is pushing WLFI token as the backbone of their new DeFi ecosystem.
  • Unlock fears and governance doubts weigh on investor sentiment.

World Liberty Financial’s WLFI token made its highly anticipated debut on major exchanges on September 1, pulling the crypto market’s spotlight squarely onto the Trump family’s DeFi venture.

But while the launch generated enormous excitement, massive WLFI token unlocks and profit-taking quickly tempered early gains, leaving traders cautious about what lies ahead.

WLFI token trading kicked off with a bang

Binance, Upbit, Gate and other leading exchanges began listing WLFI token on the first day, opening at around $0.30 before slipping to $0.25 within hours.

Despite the slight decline post-launch, the token’s fully diluted valuation (FDV) still pushed close to $30 billion, with...

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