Key Takeaways

WLFI jumped 130% from its ICO. But gave back 50%, triggering long-liquidations. Is this euphoria just a market-draining volatility shock?

World Liberty Financial’s [WLFI] launch kicked off with explosive price action. The token ripped nearly 130% to $0.48 in just five minutes, highlighting frenzied trading activity.

In fact, at one point, its Open Interest (OI) peaked at a record $1.03 billion, underscoring the aggressive leverage that drove the rally. The result? Its Market Cap jumped to a staggering $9.86 billion, landing WLFI in the top 20.

To put it in context, on day 1, about 24.6 billion WLFI were unlocked, or 24.6% of the total 100 billion supply. So, with 75.4 billion still locked, the real question is whether there’s enough depth to keep the bulls running.

WLFI kickoff tests risk appetite

WLFI’s price swings put market volatility back in the spotlight.

The launch drew in cross-market flows. It lifted Bitcoin’s [BTC] Market Cap 1.6% to $2.18 trillion. But just five minutes after hitting $0.48, WLFI retraced 22%, spiking short-term liquidations and profit-taking.

On-chain, three presale wallets moved 160 million WLFI ($52 million) to Binance, while nine new wallets shifted 321.4 million WLFI ($96 million) from the team’s Gnosis Safe to Bybit, highlighting early sell-side pressure.

The fallout? A liquidity frenzy. Nearly $500 million got

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Author: Ritika Gupta