Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses

Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses

CryptoSlateCryptoSlate2025/09/02 01:37
By:Oluwapelumi Adejumo

World Liberty Financial’s WLFI token went live on Sept. 1 after months of anticipation, and the debut quickly turned heads across the crypto market.

According to CoinGlass data, WLFI’s derivatives activity surged past $13 billion within its first 24 hours, placing it behind only Bitcoin, Ethereum, and Solana.

Notably, that volume is almost double that of XRP, the third-largest crypto asset by market capitalization.

Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses image 0 Top 5 Assets Derivatives Volume in The Last 24 Hours (Source: CoinGlass)

This highlights the level of speculative demand around the new Donald Trump-related digital asset.

Additionally, its spot trading volume during the period reached $4.7 billion, placing it among the top 10 most-traded digital assets.

Meanwhile, the intensity of the trading activities came at a cost as WLFI’s value slipped more than 14%, falling from about $0.33 to $0.24 as of press time.

CoinGlass data showed that this pullback triggered an estimated $30 million in trader losses.

Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses image 1 WLFI’s Derivative Traders Losses as of Press Time on Sept. 2 (Source: CoinGlass)

WLFI’s buyback proposal

The launch coincided with a proposal from World Liberty Financial that could define WLFI’s long-term trajectory.

The team submitted a plan on Sept. 1 to use protocol-owned liquidity (POL) fees to buy back WLFI from the open market and permanently burn those tokens. Fees generated by independent liquidity providers would remain outside the program.

Under the proposal, POL fees from liquidity pools on Ethereum, BSC, and Solana would be collected and redirected to burn addresses, reducing circulating supply over time.

The project representatives said the initiative rewards committed holders by increasing their relative stake as speculative tokens are removed from circulation.

WLFI community members will soon vote on whether to approve the buyback-and-burn strategy or reject it in favor of keeping fees in the Treasury.

If approved, the measure would establish a framework for recurring supply reductions and could later expand to include other protocol revenue streams.

The post Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses appeared first on CryptoSlate.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Plume Bridges Traditional and DeFi Worlds with Native USDC and CCTP V2

- Plume integrates native USDC and CCTP V2 to enable faster, secure cross-chain transactions for institutional-grade DeFi and RWAfi operations. - TVL surged 441% to $238M since June 2025, with 200+ apps supported, highlighting Plume's growth as a leading RWAfi blockchain. - CCTP V2's "burn and mint" mechanism eliminates intermediaries, reducing costs and complexity while enhancing security for institutional adoption. - Native USDC's regulatory compliance and 1:1 USD backing align with Plume's mission to br

ainvest2025/09/04 14:20
Plume Bridges Traditional and DeFi Worlds with Native USDC and CCTP V2

MoonBull and BlockDAG: Why Exclusivity and Timing Define 2025’s Crypto Winners

- MoonBull ($MOBU) leverages Ethereum-based tokenomics with 66%-80% APY whitelist rewards, driving 300% registration growth and compounding advantages for early adopters. - BlockDAG (BDAG) secures $395M presale with $0.0013 flat-rate pricing, achieving 2,900% early returns and 3M+ users via X1 miner app and 4,500+ dApp developers. - Both projects redefine crypto value propositions: MoonBull merges meme culture with institutional-grade incentives, while BlockDAG combines physical infrastructure with hybrid

ainvest2025/09/04 14:20
MoonBull and BlockDAG: Why Exclusivity and Timing Define 2025’s Crypto Winners

BlockDAG Rivals Top Cryptos with Real-World Mining and $389M Momentum

- BlockDAG (BDAG) has raised $389M via 30 presale batches, selling 25.5B coins at $0.03 with a guaranteed $0.05 listing price. - The project attracted 3M users through its X1 mining app and shipped 19K+ X-series miners, building active infrastructure pre-launch. - Partnerships with Seattle Seawolves, UFC champion Alex Pereira, and Inter Milan expanded its reach beyond crypto circles. - Analysts project $1 short-term and $5–$10 long-term price targets, driven by dApps, smart contracts, and decentralized min

ainvest2025/09/04 14:20
BlockDAG Rivals Top Cryptos with Real-World Mining and $389M Momentum