Anticipation among Crypto Investors as Unlocking of WLFI Token Approaches, Signaling Potential Market Fluctuations
In a recent announcement made on platform X, Quinten Francois, the founder of WeRate, shared his optimistic outlook for the World Liberty Financial (WLFI) project.
Francois projected that the value of WLFI could potentially exceed $30 billion after its launch, assuming a pre-market price of $0.30. This impressive projection follows the successful fundraising efforts of WLFI, which has raised over $700 million in presales and an additional $1.5 billion from a Nasdaq-listed company.
The influx of funds has been significant, with ALT5 Sigma contributing the majority through stock purchases, amounting to $1.5 billion. The Aqua 1 Foundation, linked to the Trump-founded platform, has also invested about $100 million in WLFI.
The treasury company formed by WLFI will be responsible for managing these funds. In a move to incentivise early investors, 20% of the tokens purchased by presale investors will become claimable through a Lockbox system.
The excitement surrounding WLFI has led to a surge in volume. The volume of WLFI increased by 563% to $3.54 billion across exchanges, with derivatives traders rushing to buy pre-market contracts for the native token.
Interestingly, the WLFI main multisig wallet transferred 17.6 billion tokens to the Lockbox contract address, indicating a potential distribution event. The unlock of WLFI tokens is scheduled for 8 a.m. ET.
It's important to note that WeRate is a platform where cryptocurrency projects are rated and reviewed, providing valuable insights to the crypto community. The information in this article is an excerpt from the Unchained Daily newsletter.
As the WLFI project continues to gain momentum, investors and cryptocurrency enthusiasts alike will be eagerly awaiting the unlock of the tokens and the potential price movement of WLFI in the market.
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