The WLFI Token, while not officially gone live, has already created some buzz in grey markets. Per a Galaxy Digital report WLFI had $10 in pre-market trading volume to $15M. That demand is a sign of large interest before the launch of the platform and its DeFi tools’ go live.
Early at very low which was.015 during private sales which is today’s price a 10x return for some. 25 billion tokens go out or 25% of total supply which brought in around $550 million.
WLF is to stage a second governance vote which will determine the how and what of the release of the 75 billion WLFI tokens. Founders and advisers will see their allocations issued into longer vesting schedules. This also includes early supporters.
Carries Political And Regulatory Heat
Adding to the intrigue, DT Marks DEFI LLC, linked to Donald Trump, received 22.5 billion WLFI tokens worth $3.6 billion. This connection is setting off alarms in Washington. Senator Elizabeth Warren and other lawmakers are raising issues of conflict of interest as WLFI prepares for public trade.
Since the SEC has stepped up its activities post FTX, WLFI’s high valuation and political connections may draw in early regulation.
The company also has stablecoin USD1 in its portfolio. It may airdrop it to WLFI holders at some point, though time frames are not yet defined.
Expect High Fluctuation As WLFI Token Tradability Starts
Once WLFI goes live, we see great fluctuation. Traders report large scale movement in the market. They see large price changes or stability as the listings appear on central platforms and DEXs. Is this the next DeFi success story or yet another speculative bubble? Thus, in any case, WLFI’s unlock may reshape the crypto rankings if the vision matches the valuation.
