Justin Sun Claims $145 Million in WLFI Tokens As Project Unlocks 20 Billion Token Supply on Launc...

Justin Sun claimed 600 million WLFI tokens worth $145M during the token unlock event.

WLFI launched with a $6 billion market cap and saw $2.57B in trading volume within 24 hours.

The USD1 stablecoin minted over $25M on Tron and aims to reach a $200M supply soon.

Justin Sun, founder of Tron (TRX), claimed 600 million WLFI tokens during the Token Generation Event (TGE). The claimed tokens were worth about $145 million at the time of unlocking. This allocation represents 3% of the 20 billion tokens released on September 1. It places Sun among the most influential stakeholders in the World Liberty Financial project.

Data from Arkham Intelligence shows that Sun holds nearly $1 billion worth of WLFI. A portion of that was unlocked during the TGE. The remaining holdings were acquired from other sources before the official launch. Sun has chosen not to sell his unlocked tokens for now. His holdings also give him a major role in the project’s governance.

WLFI Unlocks 20% of Supply in First Phase

On September 1, WLFI unlocked 20 billion of its 100 billion total token supply. The event marked the official launch of the governance token backed by Donald Trump. The token immediately began trading on major crypto exchanges.

WLFI opened trading at $0.2453 per token. With 24.66 billion tokens in circulation, the market capitalization reached $6.05 billion. The fully diluted valuation stood at $24.53 billion. While the token dropped 38% from its earlier peak of $0.40, it still gained 7% over 24 hours.

Pre-TGE Derivatives Market Signals Strong Demand

Before the official launch, WLFI had already gained attention in the derivatives market. It traded on perpetual markets ahead of the TGE. In the hours leading to the unlock, the token price surged 500%. This rise reflected high speculative interest from traders and large holders.

Following the TGE, WLFI recorded a 24-hour trading volume of $2.57 billion. That figure represented 41.5% of its market capitalization. The high activity showed clear market interest but also raised concerns about volatility and political involvement.

Stablecoin USD1 Sees Increased Adoption on Tron

WLFI’s launch coincides with growing demand for USD1,which is pegged 1:1 to the U.S dollar. It holds a $2.2 billion market cap. On Tron, over $25 million worth of USD1 has already been minted. Plans are in place to increase its supply by $200 million.

USD1’s total supply exceeds $50 million. Tron is already a major platform for USDT, with over $80 billion in liquidity. The addition of USD1 strengthens Tron’s position in the stablecoin market. The WLFI launch is expected to drive further growth across the network.