On-chain data shows that a major institution, exchange, or whale has acquired 800 million WLFI tokens tied to World Liberty Financial (WLFI) over the past week.
This significant accumulation points to rising interest from large-scale investors. Additionally, with The Trump Organization’s upcoming major announcement, speculation is growing that WLFI may soon begin trading.
Whale Bets Big on WLFI Tokens
According to Lookonchain data, a whale identified as 0x0249 spent a total of 80 million Tether (USDT) to acquire 800 million WLFI tokens. Transactions highlighted in a post on X by the blockchain analytics platform suggest that these were over-the-counter (OTC) deals.
Today, the whale spent 40 million USDT to purchase WLFI tokens. This follows a previous acquisition of 400 million WLFI tokens for 40 million USDT at an average price of $0.1 per token.
“This kind of volume points to serious accumulation, potentially by a whale, institution, or exchange. Something significant may be unfolding beneath the surface,” a user posted.
It is worth noting that the acquisition price is high compared to the presale prices. The WLFI token’s initial presale price was $0.015 when it started on October 15, 2024.
By January 20, WLFI allocated an additional 5% of the supply to the presale at $0.05 per token. The President Trump-backed DeFi project finally completed its token presale in March, raising approximately $590 million.
Notably, the WLFI accumulation by the whale comes before a major announcement from The Trump Organization. On June 11, the American conglomerate posted on X, promising a major update on June 16 at 8 am EST.
This has fueled rumors that the announcement may be related to the WLFI token finally going live for trading.
“Could this mean that WLFI is about to begin trading? If true, this would be a monumental signal for the entire world — a brand new financial era is about to begin. WLFI holders, shouldn’t you be excited?!” CoinWings wrote.
Another post by World Liberty teasing WLFI trading has also added to the speculation.
While the market awaits the official announcement, sentiment surrounding WLFI is already quite bullish. In a recent YouTube video, analyst Quinten stated that the token may launch for trading soon and could compete with major DeFi projects.
He explained that WLFI’s fully diluted market cap is $5 billion. The analyst estimates that if only 20% of the tokens are in circulation initially, this will lead to an initial market cap of $1 billion.
“And I think for the president of the United States project, this is very undervalued,” he said.
Therefore, he projected that the price could reach $0.20 to $0.25 per token when WLFI launches.
“It would mean it had a fully diluted value of $25 billion and more or less market cap of $5 billion, which would actually rank it around place 35, and it would be more or less the same size as Aave,” Quinten forecasted.
This paints a promising picture for the WLFI token. However, actual market performance will only be determined after launch.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Read the full article here
