Massive Open Interest Signals Market Anticipation
Open interest in World Liberty Financial (WLFI) derivatives is nearing the $1 billion mark, just hours before a major token unlock event. According to market data, WLFI open interest hit $950 million in early trading Monday before cooling to $887 million, representing a 45% increase in the past 24 hours.
Trading activity has also skyrocketed, with WLFI derivatives volume jumping over 535% to $4.54 billion, making it the fifth-most traded crypto derivative in the past day. The WLFI token currently trades around $0.34, down from its peak of $0.40 last week.
“Strong interest in WLFI ahead of the unlock shows traders are positioning for volatility,” said a derivatives analyst. “Open interest at this level reflects significant speculative activity.”
Potential to Enter Crypto Top 10
If WLFI maintains its current price, its fully diluted market capitalization could hit $34 billion, placing it among the top 10 cryptocurrencies, ahead of Tron (TRX) and Dogecoin (DOGE). Currently, about 5% of the token supply is scheduled for release during the unlock event, valuing the circulating market cap at approximately $1.7 billion.
Binance dominates WLFI trading activity, handling about 50% of the 24-hour derivatives volume, or $2.22 billion, across 10.5 million trades. OKX follows with $917.5 million in volume from 1.1 million trades.
Early Token Sale and Governance Role
World Liberty previously announced that 20% of early supporter tokens would unlock on Sept. 1 at 8 a.m. New York time. Initially designed as a governance token for an Ethereum-based exchange and lending platform, WLFI has evolved into a major speculative asset.
The project raised $550 million through token sales, including a $300 million round at $0.015 per token and a subsequent $250 million round at $0.05 per token.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.