Speculation around the World Liberty Financial’s WLFI token reached a new peak ahead of its September 1 launch.
Futures contracts related to WLFI currently show open profits of over $800 million, highlighting the size of trader activity before the token begins trading spots.
A WLFI whale with a 3x leverage book is profitable $1 million
Coinglass data shows WLFI’s open interest has risen 68% in the past day to $890 million, with trading volume rising to 141% to $1.76 billion.
According to the data, Binance accounts for more than half of both metrics, with additional activity concentrated on platforms like Hyperliquid and Bitget.
Jump Indriver Activities suggest that traders are positioned for on-the-selling volatility. Open profits measuring active contracts that remain volatile are widely monitored as indicators of investor confidence in future price movements.
Interestingly, blockchain analytics firm Onchain Lens reported that WLFI contracts listed in decentralized exchange lipids showed strong bullish momentum.
The most notable trade was leveraged whale accounts worth around $3.2 million, with over 8.6 million WLFI.
Initially, the position showed paper profits of $644,000, but an updated estimate from HyperDash later raised the figure to nearly $1 million.
Traders operate at 3x leverage, exposing them to higher risks while increasing potential returns that are effectively expanding.
This bet reflects the confidence that WLFI value will increase as tokens become available in a wider market.
On the other hand, these large speculative positions also help explain why the open interest in WLFI has skyrocketed to recent record levels.
Last week, a Donald Trump-related debt venture confirmed that its WLFI token will be open to trade on September 1st.
Since then, major crypto trading platforms have been preparing to deploy.
Today, OKX announced it would convert pre-WLFI market contracts into eternal futures, and had already opened token deposits on its platform.
Disclaimer
In compliance with Trust Project guidelines, Beincrypto is committed to reporting without bias and transparent. This news article is intended to provide accurate and timely information. However, we recommend that readers independently verify the facts and consult with experts before making decisions based on this content. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
