World Liberty Financial Launches WLFI with 24.67 Billion Tokens: Political Backing Fuels Crypto Buzz

World Liberty Financial (WLFI) made waves in October 2023 by launching its token supply of 24.67 billion units, marking a significant moment in the world of crypto and politics. This launch has attracted attention for its political backing, with Donald Trump and his family holding major stakes, locked at launch. Initial market reaction saw $7 billion reach in market capitalization and $1 billion in open interest in derivatives. 10 billion WLFI tokens are allocated to World Liberty Financial, Inc., and 7.7 billion to Alt5 Sigma Corporation, while Ethereum serves as the settlement chain for WLFI transactions. This event has ignited regulatory discussions, prompting scrutiny on the novel combination of political influence and market structure within the blockchain landscape.