Token Unlock Event Scheduled for September 1: A Major Development in Cryptocurrency Market

**Trump-Backed WLFI Prepares $483M Token Unlock on September 1**

In a move that’s set to send shockwaves through the cryptocurrency market, WLFI (World Liberty Financial), backed by none other than former US President Donald Trump, has announced it will be unlocking nearly half a billion dollars in tokens on September 1.

According to the latest data available, approximately 1.627 billion WLFI tokens have been transferred to the Lockbox contract, with a total value of $483 million at the current market rate of $0.297 per token. This unprecedented development serves as a testament to the growing trust and commitment from the WLFI community.

The unlock event is expected to kick off on September 1 at 8:00 a.m. ET, when 20% of presale and eligible tokens become claimable. The remaining 80% will be unlocked according to future community governance votes, giving token holders unprecedented control over how supply reaches the market.

WLFI has undergone an exhaustive audit by Cyfrin, a leading Web3 security firm, to ensure the safety and integrity of funds throughout this process. This added layer of security is expected to mitigate any potential volatility resulting from the unlock event.

Market observers are already speculating about the potential impact of this development on the cryptocurrency market. As anticipation grows ahead of the unlock, WLFI has traded at a contract price of $0.297, while IOU prices have soared to as high as $0.56-$0.57 on secondary markets, reflecting significant speculative demand.

While some analysts predict initial volatility due to early supporters taking profits, they also emphasize the community-driven nature and robust security measures in place are likely to stabilize the token’s value.

As the world waits with bated breath for the unlock event, Coinpedia will be providing continuous updates and analysis on this breaking news.

Source: coinpedia.org