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World Liberty Financial (WLFI) lands on major exchanges on day 1, token unlocks dampen gains

  • World Liberty Financial (WLFI) price has dropped 20% after its debut despite strong trading volumes.
  • Trump family is pushing WLFI token as the backbone of their new DeFi ecosystem.
  • Unlock fears and governance doubts weigh on investor sentiment.

World Liberty Financial’s WLFI token made its highly anticipated debut on major exchanges on September 1, pulling the crypto market’s spotlight squarely onto the Trump family’s DeFi venture.

But while the launch generated enormous excitement, massive WLFI token unlocks and profit-taking quickly tempered early gains, leaving traders cautious about what lies ahead.

WLFI token trading kicked off with a bang

Binance, Upbit, Gate and other leading exchanges began listing WLFI token on the first day, opening at around $0.30 before slipping to $0.25 within hours.

Despite the slight decline post-launch, the token’s fully diluted valuation (FDV) still pushed close to $30 billion, with market capitalisation topping $8 billion on launch day.

The debut also sparked heavy derivatives activity, with open interest in WLFI futures climbing above $1 billion, and trading volume surging more than 200% to surpass $8 billion.

While such figures underscore the intense curiosity around the project, they also reveal how speculative trading has overtaken fundamentals in shaping WLFI’s early price swings.

Token unlock sparks jitters

Alongside its market debut, WLFI saw one of the largest token unlocks in recent memory.

Out of its 100 billion total supply, 24.67 billion tokens entered circulation on day one. Of these, 10 billion were earmarked for the ecosystem team, 7.7 billion for Alt5 Sigma’s treasury operations, 2.8 billion for liquidity and marketing, and 4 billion for early investors.

The heavy allocation raised fears of immediate sell-offs by insiders, including Trump family members.

But while traders worry that any early moves by large holders could trigger cascading liquidations in futures markets, only 20% of the total supply is tradable at launch, while the remaining 80% remains locked under undisclosed schedules.

Trump family ties shape narrative

Once dismissed as a derivative of Aave, World Liberty Financial (WLFI) has evolved into what its backers call a DeFi “super app.”

The Trump family’s involvement has been central to this evolution.

Donald Trump Jr. described the token as “not just a meme coin” but the governance backbone of a financial ecosystem aimed at reshaping how money moves.

Eric Trump went further, calling the launch “a pivotal moment for the future of finance,” while the family’s network of allies and investors has included major figures from the Asian crypto scene and Middle Eastern sovereign wealth funds.

These political and capital alliances have elevated the WLFI token well beyond a typical DeFi protocol, ensuring it remains both a financial experiment and a political statement.

Stablecoin USD1 drives ecosystem

At the heart of World Liberty Financial’s expansion is its stablecoin, USD1.

Launched earlier this year, it has already been used in high-profile deals, including a $2 billion investment in Binance by Abu Dhabi’s sovereign fund.

With strong backing from major exchanges, USD1 has quickly achieved a $2 billion market cap, though critics note that much of its usage still relies on exchange-driven liquidity rather than real-world adoption.

The Trump family’s personal history of being “de-banked” after Donald Trump’s first presidential term has also shaped WLFI’s strategy.

By creating stablecoins, lending protocols and treasury assets outside of traditional finance, the family seeks not only new business opportunities but also a financial buffer against future political risks.

World Liberty Financial (WLFI) outlook remains cautious

WLFI’s first day on the market illustrated both the scale of its ambition and the volatility of its path.

Heavy derivatives trading and soaring valuations demonstrated strong speculative demand, but the massive WLFI token unlock dampened momentum and highlighted lingering concerns about concentrated ownership.

For now, key technical levels lie at $0.25 support and resistance at $0.30 and $0.35.

While most pointers warn that the path of least resistance remains downward if selling pressure accelerates, the political clout, global capital backing, and a growing stablecoin ecosystem could propel WFLI’s price higher.

The post World Liberty Financial (WLFI) lands on major exchanges on day 1, token unlocks dampen gains appeared first on CoinJournal.

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PEPE price outlook: $4.8M dump tests support, resistance near $0.00001 in focus

  • Whale offloaded 500B PEPE ($4.8M), briefly pulling price under $0.0000094.
  • PEPE outperformed peers, while meme coin market sank 3%.
  • Whale holdings on Ethereum up 1.46% over the past month.

The meme coin market took a jolt on Monday when a big PEPE holder dumped about $4.8 million worth of tokens, sending the price down.

Even with that sell-off, PEPE is still holding up better than most of the meme coin pack, a sign that investors haven’t lost faith in it just yet.

Market data shows that one big PEPE wallet moved 500 billion tokens, worth about $4.8 million over to Binance, signaling a major sell or reshuffle.

The same whale has been in a slump for weeks, down around $450,000 on earlier PEPE trades, and big moves like this often shake up liquidity and prices.

Right after the transfer, PEPE slipped about 1% on the day, falling from highs near $0.00000992 to around $0.00000938 before clawing back some ground.

It’s still stuck below the $0.00001 resistance line, but even so, it held up better than the broader meme coin market, which sank nearly 3% in the same stretch.

Even with the recent selling pressure, other big wallets have been quietly adding to their stacks. On-chain data shows whale holdings of PEPE on Ethereum are up about 1.46% over the past month.

The token now carries a market cap of roughly $4.1 billion, with more than 420 trillion tokens in circulation, cementing its spot among the leading meme coins by value.

PEPE’s price outlook

In the short term, PEPE’s price path looks choppy, with traders watching support near $0.0000074 and resistance around $0.0000098 to $0.00001.

Sentiment remains cautious: there’s some fear in the market, but not enough to trigger a full-scale sell-off. Many expect the token to drift sideways before any clear move higher.

Longer term, some analysts see scope for slow but steady gains as meme coins carve out a firmer place in the crypto market.

Forecasts point to PEPE potentially edging up toward $0.0000117 by the end of 2025, helped by community projects and continued retail interest in meme assets.

Crypto analysts warn that PEPE remains a high-risk, high-volatility asset, with large holders continuing to exert outsized influence on its price.

The latest whale selloff is a reminder of how quickly sentiment can turn in memecoin markets, where speculative trading and social buzz often drive short-term moves.

Even so, PEPE’s ability to hold up better than its peers after the September 1 sale points to steady underlying demand.

In the weeks ahead, the token’s trajectory will likely hinge on a mix of whale activity and broader adoption within the meme coin ecosystem.

Traders are expected to track major transfers and volume changes closely as potential signals of where the market heads next.

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XRP extends losses as risk-off sentiment pressures crypto market

  • XRP falls 1.94% to $2.75 as risk-off sentiment hits crypto markets.
  • Active addresses drop from 50K in July to 19K, showing weak demand.
  • $2.70 support is key; losing it could send XRP down toward $2.08.

XRP extended its recent downturn on Monday, with the token slipping 1.94% over the past 24 hours to trade at $2.75.

The decline builds on last week’s sharp sell-off and comes amid broader weakness across the cryptocurrency market.

Analysts suggest that falling onchain activity and reduced investor appetite are weighing on the altcoin, though a potential rebound remains possible if key support levels hold.

Investor sentiment and onchain activity weaken

The latest pullback in XRP comes against a backdrop of declining risk appetite in the digital asset market.

The Crypto Fear & Greed Index has fallen into the “fear” zone at 46, down from “neutral” last week and “greed” a month ago, according to data from Alternative.me.

This shift highlights growing investor caution after months of strong price action.

On-chain metrics reinforce the risk-off mood.

Active addresses on the XRP Ledger have dropped sharply, falling to around 19,250 on Monday compared with roughly 50,000 in mid-July.

Active addresses track the number of wallets sending or receiving XRP, and the steep decline indicates waning participation and lower transaction activity.

Futures market data paints a similar picture.

Open interest in XRP derivatives has contracted to $7.7 billion from $10.94 billion in recent weeks, underscoring a lack of conviction among traders.

Reduced open interest often signals weaker speculative demand, potentially amplifying downside risk in the short term.

Technical picture hinges on $2.70 support

From a technical perspective, the XRP price is testing critical support at $2.70.

The token has been consolidating within a descending triangle pattern since rallying to a multi-year peak of $3.66 in July.

This bearish formation is marked by a flat support line and descending resistance trendline.

If bulls can defend the $2.70 threshold, XRP could attempt a recovery toward the upper boundary of the triangle at $3.09.

That level coincides with both the 50-day simple moving average (SMA) and the 0.618 Fibonacci retracement line.

A successful breakout would strengthen bullish momentum and potentially propel the token toward the $3.70 region, near the apex of the current chart pattern.

However, a failure to hold above $2.70 could trigger fresh selling.

The next area of support lies between $2.60, aligned with the 100-day SMA, and $2.48, corresponding to the 200-day SMA.

A breakdown of this demand zone could expose XRP to losses toward $2.08, representing a 25% decline from current levels.

Market signals highlight uncertain outlook

Order flow dynamics suggest some resilience at the $2.70 level, with liquidation heatmaps showing buyers clustering around this price.

At the same time, significant sell orders are concentrated in the $2.87 to $3.74 range, highlighting the resistance that bulls would need to overcome for a sustained rally.

Technical indicators point to lingering downside risk.

According to Cointelegraph, XRP’s Moving Average Convergence Divergence (MACD) is flashing signals of a potential bearish crossover in September, which could push the token toward $2.17 if confirmed.

For now, XRP’s near-term trajectory appears tied to whether bulls can maintain support at $2.70. While broader market sentiment remains cautious, any rebound from this level could set the stage for renewed upside attempts.

Conversely, a breakdown would likely extend the current downtrend and deepen losses.

The post XRP extends losses as risk-off sentiment pressures crypto market appeared first on CoinJournal.