Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses
World Liberty Financial’s WLFI token went live on Sept. 1 after months of anticipation, and the debut quickly turned heads across the crypto market.
According to CoinGlass data, WLFI’s derivatives activity surged past $13 billion within its first 24 hours, placing it behind only Bitcoin, Ethereum, and Solana.
Notably, that volume is almost double that of XRP, the third-largest crypto asset by market capitalization.
This highlights the level of speculative demand around the new Donald Trump-related digital asset.
Additionally, its spot trading volume during the period reached $4.7 billion, placing it among the top 10 most-traded digital assets.
Meanwhile, the intensity of the trading activities came at a cost as WLFI’s value slipped more than 14%, falling from about $0.33 to $0.24 as of press time.
CoinGlass data showed that this pullback triggered an estimated $30 million in trader losses.
WLFI’s buyback proposal
The launch coincided with a proposal from World Liberty Financial that could define WLFI’s long-term trajectory.
The team submitted a plan on Sept. 1 to use protocol-owned liquidity (POL) fees to buy back WLFI from the open market and permanently burn those tokens. Fees generated by independent liquidity providers would remain outside the program.
Under the proposal, POL fees from liquidity pools on Ethereum, BSC, and Solana would be collected and redirected to burn addresses, reducing circulating supply over time.
The project representatives said the initiative rewards committed holders by increasing their relative stake as speculative tokens are removed from circulation.
WLFI community members will soon vote on whether to approve the buyback-and-burn strategy or reject it in favor of keeping fees in the Treasury.
If approved, the measure would establish a framework for recurring supply reductions and could later expand to include other protocol revenue streams.
The post Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Avalanche, Toyota Blockchain Lab move on autonomous robotaxi infrastructure
Share link:In this post: Avalanche and Toyota Blockchain Lab unveil research on a new blockchain layer to boost trust and mobility. Investors can raise their funds and track their robotaxis via the blockchain. The VehicleOwnership token is a simple ERC-721 token representing a vehicle’s ownership right.
Ukraine’s central bank rejects crypto reserve option
Share link:In this post: • National Bank of Ukraine has no plans to add crypto assets to its reserves. • The move may undermine Ukraine’s integration with the EU, deputy governor says. • Digital asset reserves would go against IMF requirements as well, the NBU official warns.
Metaplanet’s board approves $3.8 billion for Bitcoin purchases
Share link:In this post: Metaplanet Inc. has secured shareholder approval for a proposal that will enable it to raise as much as $3.8 billion via preferred shares. Metaplanet has recorded a 468% yield in the second quarter of 2025 and a treasury of 18,113 BTC. Over 170 businesses around the world now have Bitcoin on their books, worth a total of over $111 billion.
After three months of farming, only received $10: Should we cancel airdrops?
The article reviews the evolution of cryptocurrency airdrops from their golden age to the current state of disorder, comparing high-quality early airdrops such as Uniswap with the low-quality airdrops seen today. It also explores the game dynamics between project teams and users. Summary generated by Mars AI. This summary was produced by the Mars AI model, and its accuracy and completeness are still undergoing iterative updates.
Trending news
MoreCrypto prices
More
