WLFI surges 130% post-ICO, but risks mount as volatility spikes

World Liberty Financial (WLFI) exploded onto the scene, rallying 130% to $0.48 in just 5 minutes during its ICO debut. Open Interest (OI) soared to $1.03 billion, pushing WLFI’s market cap to $9.86 billion, ranking it among the top 20 cryptocurrencies.

But volatility hit hard and fast. WLFI retraced 22% moments after peaking, triggering over $500 million in liquidations, with WLFI alone accounting for $30 million. Bitcoin’s market cap also rose 1.6% to $2.18 trillion during the frenzy.

On-chain data shows early presale and team wallets moved massive WLFI allocations to Binance and Bybit, signaling immediate sell pressure. WLFI closed day one down 50% at $0.25, echoing the dramatic boom-and-bust pattern of the TRUMP token, which spiked over 1,000% then dropped below $10.

Despite the retrace, OI climbed back to $955 million, suggesting fresh leveraged bets. However, with 75.4 billion tokens still locked, the WLFI rally may be just another euphoric bubble poised to pop.

Now, the question is clear: Can bulls carry the weight, or is this only the beginning of a deeper drop?