World Liberty Financial’s WLFI token went live on Sept. 1 after months of anticipation, and the debut quickly turned heads across the crypto market.

According to CoinGlass data, WLFI’s derivatives activity surged past $13 billion within its first 24 hours, placing it behind only Bitcoin, Ethereum, and Solana.

Notably, that volume is almost double that of XRP, the third-largest crypto asset by market capitalization.

This highlights the level of speculative demand around the new Donald Trump-related digital asset.

Additionally, its spot trading volume during the period reached $4.7 billion, placing it among the top 10 most-traded digital assets.

Meanwhile, the intensity of the trading activities came at a cost as WLFI’s value slipped more than 14%, falling from about $0.33 to $0.24 as of press time.

CoinGlass data showed that this pullback triggered an estimated $30 million in trader losses.