World Liberty Financial’s WLFI: Eight of Top Ten Holders Sell in 24 Hours
The WLFI token faced sharp price swings, regulatory scrutiny, and address blacklisting, while major investors and institutions revealed substantial stakes in related digital assets.
World Liberty Finance’s WLFI token, launched on Sept. 1, dropped below $0.17 on Sept. 4 before rebounding to about $0.23. The Wall Street Journal reported the Trump family’s paper gains could reach $5 billion, with holdings under one-quarter of WLFI. The project blacklisted 272 addresses—including Justin Sun—freezing 540 million unlocked and 2.4 billion locked tokens, claiming user protection. Sun called the move unjustified. Hong Kong–listed Yunfeng Financial bought 10,000 ETH worth $44 million as reserves, with Jack Ma indirectly holding ~11.15% of the company. American Bitcoin (ABTC) listed Sept. 4, closing at $8.04 after surging to $14 intraday; Bloomberg estimated Eric Trump’s stake above $500 million. Linea announced a Sept. 10 TGE, with 85% of tokens going to the ecosystem via a fully unlocked airdrop. Other highlights include Polymarket gaining CFTC approval to reenter the U.S., the Federal Reserve scheduling stablecoin/tokenization discussions for Oct. 21, Ondo introducing tokenized stocks for 100+ equities and ETFs, and Venus Protocol recovering funds after a $13 million phishing incident.
- TGE (Token Generation Event): The launch event when a project’s tokens are created and distributed to investors, users, or the ecosystem.
- Airdrop: A method of distributing cryptocurrency tokens to users, usually for free, to promote adoption or reward participation.
- Tokenization: The process of converting real-world assets, such as stocks or real estate, into digital tokens on a blockchain.