WLFI Derivatives Hit $950M Ahead of 5% Token Unlock

Open interest in WLFI derivatives surged to nearly $950 million before a 5% token supply unlock, later settling at $887 million—a 45% rise in 24 hours. Trading volume jumped 535% to $4.54 billion, ranking WLFI derivatives fifth globally. The token trades around $0.34, down from $0.40 a week ago, giving it a fully diluted market cap of $34 billion based on a 100 billion supply. The 5 billion unlocked tokens could lift the circulating market cap to $1.7 billion post-unlock. Binance leads WLFI derivatives with $2.22 billion volume and $436.5 million open interest, followed by OKX. Scheduled for Sept. 1 at 12:00 UTC, the unlock of early-supporter tokens may trigger price volatility. To date, token sales have raised $550 million, with Donald Trump acting as “Chief Crypto Advocate.”