The World Liberty Financial Token Launches on Exchanges
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A new cryptocurrency project with ties to the Trump family entered the market with a splash on September 1st. The “World Liberty Financial” token, known as WLFI, began trading on top exchanges like Binance and was quickly valued by the market at over $30 billion.
The launch, however, showed immediate signs of volatility. Within hours, several large early investors moved to sell a combined $51 million worth of the token, according to blockchain tracking firms.
The project’s structure allows for only a quarter of its total tokens to be traded immediately, with the rest held by the company, its team, and partners, to be released over time.
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