Open interest in contracts for Trump’s Family Financial Financial Financial Financial token to token near $ 1 billion hours earlier in a slight token unlock.
Open interest in Derivative Contracts For the World Liberty Financial token (WLFI) approached $ 950 million in early trading on Monday, before cooling to $ 887 million, up to 45% still in the past 24 hours, According to In coinglass.
The amount of trade in the WLFI derivatives jumped more than 535% on the previous day at $ 4.54 billion and it was the fifth-traded crypto derivative in the past 24 hours.
The token traded around 34 cents to most exchanges, down from a peak over 40 cents a week ago.
Open interest is the number of active, outstanding contracts that have not been fixed and show that WLFI is seeing strong interest leading to a unlock of almost 5% of token supply due to some time.
WLFI value may belong to Crypto Top 10
If the WLFI price continues to trade at about 34 cents, the token can have a fully melted market value of $ 34 billion, based on the total supply of 100 billion tokens.
Its total market value will make the ninth the largest cryptocurrency, replacing the tron (Trx) and push Dogecoin (Doge) At the top 10, both of which have full market values under $ 32 billion.
If its price is handling, the Capitalization of the WLFI market is around $ 1.7 billion, based on nearly 5 billion tokens scheduled to be locked.
Binance saw part of the Lion of WLFI Trades
Coinglass data shows Crypto Exchange Binance has seen the largest part of WLFI derivatives trading, taking about half a total of 24 -hour trading volume to $ 2.22 billion with over 10.5 million trading.
Binance is also taken in part of the lion’s open interest, with about half of the total open interest, or $ 436.5 million, sent by the platform.
OKX saw the next largest number of trading and quantities, with nearly 1.1 million trading putting $ 917.5 million on the previous day.
Tokens to unlock on Monday
Freedom in the world Says On August 22, it was unlocked 20% of tokens purchased by its earlier supporters on September 1 and 8 of New York Time (12 pm UTC) after its community vote in mid -July to allow WLFI to trade.
There are many major exchanges, including Kraken and Binance, who said they would list the token for trading. Originally, the tokens will only serve as a management token for upcoming Ethereum -based exchange and lending platforms.
Related: California governor tempts ‘Trump Corruption Coin’ to Jab in Maga Memecoins
The firm raised $ 550 million through token sales, which is now set to unlock. In October it opened a sale of 20 billion tokens For 1.5 cents each to net $ 300 million, which eventually sold it all in late January because tokens were only available to accredited US investors.
It was immediately opened Another twist of token sales After completing its first sale, putting 5 billion tokens at $ 0.05 each – a 230% markup from the first sale, which completed in mid -March and raised $ 250 million.
US president Donald Trump is listed as the “Chief Crypto Advocate” of World Liberty while children Barron, Eric and Donald Trump Jr. are listed as “Web3 ambassadors.” A family tied to the family earns 75% of protocol revenues.
Magazine: Bitcoin is ‘funny money on the Internet’ during a crisis: Tezos co-founder
