Whale buys 400M WLFI tokens with rumors of a DEX listing

Source Cryptopolitan

WLFI tokens are on the move, with a large institution moving up to $40M into the token. WLFI is still inactive and has no trading mechanism, but may be used for profit-sharing or voting. 

The native token of World Liberty Fi, just saw a whale or an institution move in with a $40M purchase. The OTC deal was in exchange for a direct transfer of WLFI tokens. On-chain data shows this is the second purchase for the whale address. In total, 800M tokens changed hands, suggesting an institutional-size deal. The purchase set up a price of $0.1 per WLFI, setting up hopes of a growing valuation once the token becomes tradable. The first presale buyers acquired WLFI at $0.015 and later at $0.05. 

The renewed activity raised the question of WLFI utility in the future. Some see the purchases as preparation for trading with listing on exchanges. The WLFI community also suggests the whale purchase may be a rush to acquire more tokens ahead of the closing of OTC deals and switching to a market valuation for WLFI.

World Liberty Fi will launch voting for token holders from June 16, making WLFI more important. One of the first votes is expected to push for the listing of the native token, after over a year of inactivity. 

The token is currently owned by over 83,000 users on Ethereum, including large-scale whales. More WLFI is available in the original team wallets, which may extend ownership following the two open pre sales. 

The whale’s wallet was first active in March, and has mostly performed DEX swaps, also interacting with OKX. The current WLFI purchase is the biggest single-asset transaction for the buyer. 

WLFI increases general crypto activity

The Trump family fund is increasing its multi-chain activity. For now, WLFI is not awaiting immediate listings, and there are only speculations about the next step, possibly a DEX listing. 

World Liberty Fi is currently the most active around its USD1 token, aiming to expand its availability. The project’s stablecoin was recently minted on TRON, adding to its distribution. 

Despite this, over 98% of the asset are on BNB Smart Chain, where the biggest share of trading activity happens. Meme token markets and a recent trading competition increased the activity for USD1, turning it into the fourth most traded stablecoin by daily volumes. 

USD1 achieved a supply of 2.18M, with a daily volume of around $453M. The token is currently most active as a counterparty to memes on PancakeSwap, further boosting the Binance ecosystem. Most of the activity reflects the current competition, where traders are battling for a ranking on the leaderboards.

World Liberty Fi also funded an Aave V3 account, possibly launching its own lending platform. The fund will not use regular Aave vaults, but have its own instance of Aave V3 to control lending and liquidity. One possible goal for World Liberty Fi is to become a DeFi platform in its own right, using USD1 liquidity and WLFI tokens for voting.

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