WLFI Token Nears $1 Billion in Open Interest Ahead of Unlock

Open interest in contracts for the Trump family–linked WLFI token climbed close to $1 billion on Monday, underscoring intense speculation just hours before a partial token ￰0￱ from CoinGlass shows open interest in WLFI derivatives hit $950 million in early trading before settling at $887 million — still up 45% over the past 24 ￰1￱ activity soared alongside it, with WLFI derivatives volume jumping more than 535% to $4.54 billion, making it the fifth-most traded crypto derivative within a single ￰2￱ Surge as Unlock Approaches The token itself was priced around $0.34 on most major exchanges, down slightly from last week’s peak of over $0.40. Despite the dip, WLFI’s current price implies a fully diluted valuation of $34 billion, based on its maximum supply of 100 billion ￰3￱ figure would place the token among the top 10 cryptocurrencies by market value, overtaking Tron and ￰4￱ 5% of the supply is scheduled for unlocking on ￰5￱ on current prices, that would bring WLFI’s market capitalization to approximately $1.7 billion once 5 billion tokens enter ￰6￱ Dominates WLFI Trading The trading frenzy has been led by Binance, which captured roughly half of the token’s 24-hour derivative ￰7￱ exchange processed $2.22 billion in trades across more than 10.5 million transactions and holds $436.5 million in open interest, making it the largest venue for WLFI ￰8￱ ranked second, handling $917.5 million in volume from nearly 1.1 million ￰9￱ major exchanges, including Kraken, are also preparing to support WLFI trading, which has added further momentum ahead of the unlock ￰10￱ Liberty first announced the unlock on August 22, with 20% of tokens purchased by early backers scheduled for release on September 1 at 8 ￰11￱ York ￰12￱ intended only as a governance token for an Ethereum-based exchange and lending platform, WLFI has since grown into one of the year’s most high-profile ￰13￱ Trump family plays a central role in the project : President Donald Trump is listed as “Chief Crypto Advocate,” while his sons Barron, Eric, and Donald Trump ￰14￱ as “Web3 Ambassadors.” A family-linked company reportedly earns 75% of the protocol’s revenues.