WLFI project, endorsed by Donald Trump, unlocks 483 million dollars of tokens on September 1st. A pivotal moment for DeFi? Here's what you need to know about this event.
The crypto sphere is buzzing as the WLFI project, backed by Donald Trump, prepares to unlock a colossal amount of tokens valued at $483 million. This major event, scheduled for September 1st, is generating significant expectations regarding its impact on the token’s price and future.
According to Wu Blockchain data, nearly 1.627 billion WLFI tokens, representing 16.27% of the total supply, have been transferred to a lockup contract (Lockbox). At their current price of $0.34, this represents a secured value of $483 million. This enormous amount reflects the confidence and commitment of the WLFI community.
Lockbox invited token holders to activate their accounts between August 25 and 31 to join the initial unlock. The Lockbox contract page now offers complete transparency and direct user control over the process.
On September 1st at 2:00 PM (UTC), 20% of the presale tokens and eligible tokens will become claimable. The remaining 80% will be unlocked according to future community governance votes, giving holders a direct role in managing the distribution.
Cyfrin, a leading Web3 security company, thoroughly audited the Lockbox contract, ensuring fund security and system integrity.
As anticipation for the unlock grows, the WLFI token is currently trading at $0.34, with IOU prices reaching up to $0.56 – $0.57 on secondary markets. While some initial volatility is expected, with early investors taking profits, the emphasis on security and community control of the process are seen as stabilizing factors.
This massive unlock of WLFI tokens, backed by Trump, marks a pivotal moment for the crypto ecosystem. Traders and investors will closely monitor how this event influences the price and future path of the WLFI token.
According to analyst Virtual Bacon, WLFI has every chance of reaching $1. This represents an increase of more than 200% from its current price. Some are even predicting a price of $10 in the coming months.
Buying WLFI tokens on Bitget is an opportunity to capitalize on the momentum around this DeFi project. Here’s a guide incorporating the AI trading agent GetAgent:
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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