Trump Coin Rallies as WLFI Token Officially Launches on Top CEXs

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trump coin rises as world liberty financial launches token

World Liberty Financial has officially launched its token today, and trading volumes are already nearing $1 billion just a few minutes after Binance and other top exchanges listed the asset.

Data from CoinMarketCap for $WLFI indicate that the asset has dropped by 10% as selling pressure has accelerated. Lookonchain, a crypto analytics firm, highlighted that more than $51 million worth of the token was sent to exchanges right after the launch, indicating that presale buyers may be ready to dump their assets on late buyers.

The circulating supply sits at 24.6 billion tokens and was confirmed by the launch team after there was some initial confusion across the crypto community. Trading volumes already account for a tenth of this total and could further increase as the American session opens.

$WLFI will be the governance token of the World Liberty Financial decentralized finance (DeFi) platform – an initiative endorsed and promoted by the Trump Family.

Official Trump ($TRUMP), the President’s meme coin, has seen its trading volumes explode by 193% in the past 24 hours amid the launch of this token due to the obvious link that exists between the two assets.

Data from Lookonchain also indicates that the protocol bought $6.5 million worth of $WLFI right after it was launched on crypto exchanges. Is World Liberty Financial ready to backstop a huge post-launch decline?

If that’s the case, the token could soon make a U-turn as the market will embrace this move and anticipate a recovery.

After a first big initial jump earlier today ahead of the $WLFI launch, Official Trump has been dropping sharply as selling pressure accelerated once it hit the $9 mark.

Trump Coin Approaches Key Support and Could Bounce Back to $10

The 4-hour chart shows that the token could be heading to retest the $8.2 support area first and could possibly retest the $8 level as well.

trump coin price chart

The positive momentum that the $WLFI has ignited could prompt a strong rebound off this level as late buyers show up to scoop up the token at this low price.

Historically, the $8 level has acted as a floor for $TRUMP, and this could be the case again once the selling pressure from early buyers who positioned for this post-launch pump eases.

The Relative Strength Index (RSI) in this lower time frame has been steadily increasing from a swing low of 31 seven days ago (near oversold levels) to as much as 70 at some point as positive momentum accelerated.

The President’s official meme coin could dig deeper into overbought territory if buying pressure during the American session increases. If that happens, $TRUMP could rise to $10 in the near term, offering an upside potential of 25% for those who buy near or at $8.

Meanwhile, as altcoin season begins, top meme coins and crypto presales like Bitcoin Hyper ($HYPER) and Pepenode ($PEPENODE) offer the highest upside potential as investors look for the next tokens to 10X.

Bitcoin Hyper ($HYPER) Surpasses $13M Raised to Launch a New Era for BTCFi

Bitcoin Hyper ($HYPER) is a layer-2 protocol that leverages the power of the Solana blockchain to create a safe environment through which BTC holders can stake, lend, and earn passive income on their investment.

bitcoin hyper presale

Through the Hyper Bridge, investors can safely send their BTC to a designated wallet address in the Bitcoin blockchain and receive the corresponding amount on the Hyper L2 to access the ecosystem’s DeFi apps.

The demand for $HYPER will be fueled by the increased adoption of this solution by top wallets and exchanges. Analysts anticipate that this token could 10X once the L2 is live. At its discounted presale price of $0.012845, early buyers will reap the highest returns.

To buy $HYPER, simply visit the Bitcoin Hyper website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.

By Alejandro Arrieche

Alejandro is a seasoned financial analyst with over seven years of experience writing complex business topics and market trends. His insightful work has been featured in prominent publications including CryptoBites, The Modest Wallet, and Capital.com, where he provides comprehensive analysis spanning from broad business strategy to complex topics about cryptocurrencies and the stock market. A graduate of EUDE Business School, Alejandro leverages his academic background and analytical expertise to deliver data-driven insights that help readers navigate complex economic landscapes. His authoritative content focuses on value investing, financial analysis, and general business topics, empowering both organizations and individuals with actionable intelligence to make informed decisions about their investments and trades.