WLFI Halves After 8× Oversupply as Trump Family Bags $65B
WLFI token, issued by the Trump family, launched on September 1 with an unexpected initial circulating supply of 246.7 billion out of a total 1,000 billion tokens—eight times higher than anticipated. The oversupply drove the market capitalization above $60 billion, briefly ranking WLFI token among the top 25 cryptocurrencies. Early investors holding 40 billion tokens, acquired at $0.015–$0.05, saw their holdings surge to $19 billion at a peak price of $0.47. Meanwhile, the Trump family controls 206 billion tokens (83.7% of circulating supply), securing $15 billion in cash and over $50 billion in token value for a total windfall of around $65 billion. Despite high-profile supporters like Justin Sun unlocking 20% of their stakes and pledging long-term support, 80% of major whales sold immediately. The price plunged 56% to $0.20, triggering $12.36 million in liquidations. With an additional 7.2 billion unlocked tokens yet to hit the market and 800 billion tokens still locked, WLFI token’s short-term volatility remains high, posing risks and opportunities for crypto traders.
Bearish
Immediate oversupply and accelerated whale sales poured significant sell pressure onto WLFI token. The price plunged 56%, triggering over $12 million in liquidations—a pattern seen in past token unlock events when large vested supplies flood the market. With 7.2 billion unlocked tokens yet to be claimed and 80% of private tokens still vesting, WLFI faces sustained downward pressure. Short-term outlook is bearish due to high volatility and pending unlocks. Longer-term sentiment hinges on project adoption but immediate trading signals remain negative.