The Trump family’s cryptocurrency project, WLFI, is undoubtedly the hottest topic in the crypto. It is expected that WLFI will be listed on major cryptocurrency exchanges and open for trading at 8 pm tonight (1). However, it is worth noting that on the eve of the listing of WLFI tokens, the initial supply of WLFI tokens does not seem to be completely clear.
WLFI supply remains a mystery
First, Rush, CEO of cryptocurrency data platform CMC, posted on the X platform this afternoon, stating that many users were asking about the supply of WLFI on the eve of its launch, but no clear answer could be given at this time:
We've received numerous questions from users regarding the $WLFI token supply. The published information is based on the latest statement provided by the team earlier today and is subject to revisions based on the token's movements as it prepares for its initial listing. We've requested clarification from the $WLFI team, as all data is sourced and verified by them. Thank you again for your feedback, and we'll continue to update with the latest information.
Then, the WLFI team published an article on Medium, announcing the initial supply and distribution of WLFI:
The initial circulating supply of WLFI tokens is 24,669,070,265, and the token supply distribution is as follows:
- 10,000,000,000 allocated to the unlocked ecosystem portion of World Liberty Financial;
- 7,783,585,650 were allocated to Alt5 Sigma Corporation, which will hold approximately 8% of the total WLFI supply as part of its treasury strategy;
- 2,880,884,615 tokens are designated for liquidity and marketing to support Initial Exchange Offerings (IEOs);
- 4,004,600,000 tokens were allocated to public sale participants, representing 20% of the initial unlock at launch.
However, it is worth noting that after publishing this article, the official quickly deleted it, which left the community confused for a while and unable to determine what the supply status of the WLFI token is.
The importance of clarifying token supply
As the official project of the Trump family, WLFI has attracted significant attention from crypto investors. Some exchanges have even listed WLFI pre-market contracts, with open interest reaching hundreds of millions of dollars, demonstrating its market popularity.
The reason why token supply is important is that it will affect the performance of the token when it is first listed to a certain extent. For example, if an entity owns a large number of tokens, it may sell them to take profits in the early stage of listing, thereby putting pressure on the token to rise. On the other hand, if the token supply shows that the market has little short-term selling pressure, it may also cause the token to usher in a wave of growth in the early stage of listing.
Update: WLFI republishes token supply article
At 19:40 on the evening of September 1st, after deleting the article, WLFI officials re-published an article on Medium explaining its token supply. The article is consistent with the above token supply situation. Details can be found at: https://medium.com/@wlfi/understanding-the-wlfi-circulating-supply-at-launch-061f904e6923
