WLFI, the native token of President Trump’s World Liberty Financial, has skyrocketed from its sale price during premarket trading.
Data from Whales Market, an OTC (over the counter) decentralized exchange (DEX) that allows for the trading of tokens before their TGE (token generation event), shows that WLFI traded as high as $0.37 on Wednesday, which is 25 times higher than its original presale price.
Premarket trading on WLFI has brought in $274.7 million in total volume on Whales Market, and blockchain tracking firm Lookonchain reported that several whales are placing multimillion-dollar positions on the yet-to-be-launched altcoin.
WLFI is set to launch in phases beginning on August 26.
World Liberty Financial recently announced it’s teaming up with tech firm ALT5 Sigma to launch a $1.5 billion WLFI treasury.
ALT5 Sigma Corp. (ALTS) announced Tuesday a $1.5 billion capital raise through a registered direct offering and a concurrent private placement, aimed at initiating a digital asset treasury strategy centered on World Liberty Financial’s WLFI token.
The offering includes 100 million shares priced at $7.50 each in the registered direct component, and an additional 100 million shares at the same price in the private placement, which will be paid in WLFI tokens.
The DeFi (decentralized finance) platform sold $250 million worth of its native WLFI tokens following a $300 million sale in October, per a new press release.
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