WLFI is now available for trading, and it's not your average token. With the controversial image of Donald Trump behind it, is this just a hype or the start of a massive crypto project ? Here's what you need to know.
The DeFi project WLFI, launched last year, has recently received approval for spot trading of its tokens. This decision has sparked keen interest within the crypto community. The focus is now on predictions of a substantial increase in token valuation.
Funded with $715 million from DWF Labs, Aqua, and Tron, the WLFI project was designed as an “Aave clone.” It aims to offer cryptocurrency lending and borrowing services. Tron founder Justin Sun invested $52.5 million in the project. Moreover, he has shown strong support for President Trump’s backing.
During the initial token sale phase in October 2024, 20% of the total supply of 100 billion WLFI tokens was sold at $0.015 per token. This valued the project at $1.5 billion at the time. Now, with spot trading approval, a portion of the tokens held by early investors will be unlocked.
WLFI tokens will function as governance tokens, allowing holders to participate in community decisions and proposals. They will also play a key role in the project’s broader ecosystem, particularly on the 1776.Meme platform.
According to bets placed on Polymarket, WLFI token valuation could reach $13 billion in FDV (Fully Diluted Valuation). This would represent a 767% increase from the initial ICO price of $0.015. However, it remains to be seen whether this prediction will materialize once trading effectively launches. With spot trading approval, initial investors will be able to unlock a portion of their tokens. The rest of the supply will be subject to a community vote to determine the unlocking schedule and distribution timeline.
The approval of WLFI tokens for spot trading marks a significant milestone in the development of the Trump-backed project. With ambitious valuation forecasts and significant implications for the crypto ecosystem, this announcement is generating considerable interest within the community. It will be fascinating to follow the upcoming developments of this DeFi project and the ripple effects it will have on the cryptocurrency market.
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