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Trump-backed token WLFI launches with $7.4B valuation, sends Ethereum gas fees soaring – TON BOT

Trump-backed token WLFI launches with $7.4B valuation, sends Ethereum gas fees soaring

Donald Trump’s cryptocurrency initiative, World Liberty Financial, launched on Sept. 1 with a market valuation above $7.4 billion, leading to heavy trading in its opening hours. The token, WLFI, saw a 13% increase shortly after launch, with a trading volume exceeding $1.8 billion. Interest in the token spiked Ethereum gas fees, indicating significant interest from retail traders and institutions. The project retained a significant amount of tokens, with strategic partners and the team holding the majority of the supply. Tron founder Justin Sun pledged not to sell his unlocked holdings and announced an expansion of USD1 circulation on Tron to $200 million to support WLFI’s success.


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