Open interest in derivative contracts tied to the Trump family–associated World Liberty Financial (WLFI) token surged toward $1 billion just hours before a scheduled partial token unlock.
Data from CoinGlass shows WLFI open interest peaked at about $950 million in early Monday trading before easing to $887 million — still up 45% over the past 24 hours. Trading volume in WLFI derivatives has also skyrocketed, climbing more than 535% to $4.54 billion, making it the fifth-most traded crypto derivative in the past day.
WLFI is currently changing hands at roughly $0.34 across major exchanges, down from last week’s high above $0.40. The upcoming unlock will release around 5% of the token’s supply, a milestone that has fueled speculation and trading activity.
At its current price, WLFI’s fully diluted valuation would stand near $34 billion, enough to rank it as the ninth-largest cryptocurrency globally. That would put it ahead of Tron and Dogecoin, both of which currently have market caps below $32 billion.
If WLFI maintains its current price near $0.34, the token’s market capitalization will sit around $1.7 billion based on the roughly 5 billion tokens scheduled to unlock.
Binance dominates WLFI trading
According to CoinGlass, Binance has captured about half of WLFI’s 24-hour derivatives activity, recording $2.22 billion in trades across more than 10.5 million transactions. The exchange also accounts for nearly half of the token’s open interest, totaling $436.5 million.
OKX ranked second, with close to 1.1 million trades valued at $917.5 million over the same period.
Token unlock scheduled for Monday
World Liberty announced on Aug. 22 that it would unlock 20% of tokens purchased by early backers on Sept. 1 at 8 a.m. New York time (12 p.m. UTC). The move follows a July community vote approving WLFI trading.
Major exchanges, including Kraken and Binance, have confirmed they will list the token. Initially intended as a governance token for World Liberty’s planned Ethereum-based exchange and lending platform, WLFI has since evolved into a broader tradable asset.
The firm raised $550 million through token sales. In October, it sold 20 billion tokens at $0.015 each, raising $300 million. A subsequent round offered 5 billion tokens at $0.05 each — a 230% markup — which closed in mid-March, raising another $250 million.
Trump family ties
World Liberty has leaned heavily on the Trump brand in its marketing. U.S. President Donald Trump is listed as the company’s “Chief Crypto Advocate,” while Barron, Eric, and Donald Trump Jr. serve as “Web3 Ambassadors.” A Trump-affiliated company reportedly receives 75% of the protocol’s revenues.
