President Trump’s WLFI Token Explodes 25x in Pre-Market Rally As Whales Scramble for Trades

WLFI, the native token of President Trump’s World Liberty Financial, has skyrocketed from its sale price during premarket trading.

Data from Whales Market, an OTC (over the counter) decentralized exchange (DEX) that allows for the trading of tokens before their TGE (token generation event), shows that WLFI traded as high as $0.37 on Wednesday, which is 25 times higher than its original presale price.

Premarket trading on WLFI has brought in $274.7 million in total volume on Whales Market, and blockchain tracking firm Lookonchain reported that several whales are placing multimillion-dollar positions on the yet-to-be-launched altcoin.

WLFI is set to launch in phases beginning on August 26.

World Liberty Financial recently announced it’s teaming up with tech firm ALT5 Sigma to launch a $1.5 billion WLFI treasury.

ALT5 Sigma Corp. (ALTS) announced Tuesday a $1.5 billion capital raise through a registered direct offering and a concurrent private placement, aimed at initiating a digital asset treasury strategy centered on World Liberty Financial’s WLFI token.

The offering includes 100 million shares priced at $7.50 each in the registered direct component, and an additional 100 million shares at the same price in the private placement, which will be paid in WLFI tokens.

The DeFi (decentralized finance) platform sold $250 million worth of its native WLFI tokens following a $300 million sale in October, per a new press release.

Follow us on X, Facebook and Telegram

Comments

Post a Comment

Popular posts from this blog

‘September Effect’: Ripple prepares larger dump of up to 350 million XRP

Image
The so-called “September Effect,” popular in the stock market, is apparently affecting the cryptocurrency market, with an already negative price performance. In this context, Ripple is preparing a larger token dump this month, with 350 million XRP in its treasury account. On September 1, Ripple unlocked 1 billion XRP at a nominal value of $570 million and reserved 200 million tokens for this month’s sales in its treasury account labeled as ‘Ripple (1)‘ by XRPScan . Finbold reported both activities as usual, covering Ripple’s monthly dumps. However, on September 6, the company added 150 million more XRP to ‘Ripple (1)’, hinting at a potentially larger sell-off. The same pattern happened in June when Ripple sold 400 million XRP for its largest monthly dump ever. Picks for you Anna Delvey’s net w...
Read more

Casio's G-SHOCK NFTs Soon to Go Live on Polygon Blockchain

Image
Thus, the watchmaker also plans to launch an NFT-based collection of community access passes. Later this month, from September 23 onwards, users will be able to claim one of the 15,000 NFT-based G-SHOCK creator passes. Casio said that users would also get access to the dedicated Discord channel for the project. advertisement Customers who have previously registered for a CASIO ID on the company’s membership site can take part in the pre-distribution phase scheduled for September 23-26. Subsequently, a public distribution phase will commence from September 26-29. Just two weeks ago on August 22, Casio filed for a trademark application U.S. Patent and Trademark Office, for virtual clothing, NFT-backed media, watches, and stores for virtual goods. Casio’s G-SHOCK has been the company’s most popular shock-resistant watch. With the new NFT-based creator passes, Casio seems to tap further into G-SHOCK’s popularity. Casio Plans Community Co-Creati...
Read more

Bitcoin spot ETF launches on Euronext, analysts expect more growth for this AI-centric altcoin

Image
Jacobi Asset Management’s recent introduction of a Bitcoin (BTC) Spot ETF on Euronext could bridge the gap between traditional finance and crypto, potentially unleashing a new era of investment possibilities. Amidst this development, InQubeta is fast rising. The artificial intelligence (AI) -centric altcoin appears to be capturing the imagination of tech enthusiasts and investors alike. The convergence of AI and non-fungible tokens (NFTs) can also open new avenues for innovation.  This article explores InQubeta’s growth potential while shedding light on Europe’s new Bitcoin exchange-traded fund (ETF). InQubeta: artificial intelligence meets innovation At the intersection of emerging technology and crypto lies InQubeta. The project integrates AI into core functionalities, elevating its potential and growth potential. Market sentiment around InQubeta is intrigue and curiosity, fueled by its fusion of blockchain, NFTs, and AI. This pairing actively...
Read more