WLFI Token Unlock: 27B Tokens Released After Vote
WLFI token unlock fuels DeFi trading as 27 billion WLFI (27% of 100 billion supply) are released after a July governance vote. CoinMarketCap CEO Rush Lu confirmed the figure, surpassing earlier estimates of 3.69 billion tokens. Major exchanges—Binance, Gate and MEXC—opened spot trading based on the updated circulating supply. The community vote on July 5 passed with 99% support on July 10, excluding founder, team and adviser allocations. Of tokens sold at $0.015 and $0.05, 20% unlocked immediately via Cyfrin-audited lockboxes; the remaining 80% vest according to future governance decisions. Ahead of launch, WLFI derivatives open interest peaked at $950 million before settling at $887 million, underscoring high trader demand. The WLFI token unlock, marking its shift from governance-only to tradable asset, is set to drive volatility and test market depth.
Bearish
The WLFI token unlock adds 27 billion tokens to circulating supply, creating significant short-term sell pressure as early investors and presale buyers may take profits. Historical unlock events often trigger volatility and downward price movements despite strong open interest and exchange listings. In the long term, governance-based vesting could stabilize supply, but immediate market impact is likely bearish.