World Liberty Financial’s WLFI, the Trump family’s crypto project, does not yet have a price, but that looks set to change. A community vote has been launched with a view to possibly opening it up for trading. What are the preliminary results?
The WLFI backed by the Trump family could be open for trading soon
Launched last fall, the WLFI token from the Trump family’s World Liberty Financial project has the curious distinction of not yet being tradable for a cryptocurrency. However, this could be about to change, as a governance vote was created on Wednesday to poll the community:
This proposal seeks to solicit community feedback and officially launch trading of the token. This would mark a major milestone in the development of the World Liberty Financial ecosystem and pave the way for broader community participation, access, and protocol development.
At the time of writing, 7,500 voters have already participated and the “Yes” vote is winning with 99.94% with 6.5 billion tokens. With voting scheduled to close on the evening of July 16, we can see that a few addresses are weighing particularly heavily in the balance, making it highly unlikely that the trend will reverse before the deadline:
Following this vote, the token should finally have a price, and it will be interesting to see which centralized exchanges will accept it. During the initial offering in October 2024, WLFI was sold at $0.015 per unit. Such a price, taking into account the total supply of the token, would give it a market capitalization of $1.5 billion, equivalent to 57th place in the crypto rankings.
Although the name “Trump” alone could allow for a higher valuation, the project will still have to prove itself to justify such a possibility. Indeed, its value proposition currently seems limited to riding on certain popular narratives in the ecosystem, such as stablecoins, as evidenced by its USD1 capitalization of $2.2 billion.
