What happened?
The Trump family’s DeFi project has officially launched its native token, WLFI. The token began trading on the decentralized exchange Hyperliquid for $0.44, with a total supply of 100 billion tokens. Early investors can sell up to 20% of their holdings, per the vesting schedule.
Who does this affect?
This development impacts participants within the cryptocurrency market, particularly those interested in altcoins and DeFi projects. Investors and traders who have been following or involved in the Trump family’s DeFi project will also be affected by the launch of the WLFI token. Additionally, exchanges listing the token, such as Binance and Hyperliquid, are also influenced by this action.
Why does this matter?
The launch of WLFI matters as it potentially adds a significant asset to the cryptocurrency market, given its fully diluted value of around $40 billion. The project’s connection to the Trump family could bring in additional attention and volatility. Furthermore, the vesting schedule that caps early investor sales to 20% of holdings may lead to more sustainable price movements, compared to unrestricted token sales.