Key Points
- World Liberty Financial is planning to airdrop 8.4 million WLFI tokens, worth $1.2 billion, to early participants of its USD1 stablecoin project.
- The WLFI token distribution will occur across six exchanges, and the company has plans to expand its points program.
World Liberty Financial, a well-known cryptocurrency initiative linked to the Trump family, has unveiled plans to distribute 8.4 million WLFI tokens valued at $1.2 billion.
The first to benefit from the upcoming WLFI token giveaway will be the initial participants in the USD1 stablecoin project.
WLFI Token Distribution Across Six Exchanges
World Liberty Financial has indicated that the initial WLFI token distribution will be carried out on six exchanges. These include Gate.io, KuCoin, LBank, HTX Global, Flipster, and MEXC.
The imminent airdrop will reward individuals who took part in the USD1 Points Program, which was launched two months ago.
The goal of this program is to encourage the adoption of World Liberty’s USD1 stablecoin, which is pegged to the US dollar.
The company has also made plans for debit cards that support USD1 stablecoin transactions.
Points were earned by participants by trading USD1 pairs on partner exchanges and keeping token balances.
World Liberty announced its intention to expand its points program during the latest announcement. New partner platforms, DeFi integrations, and additional ways for users to earn and redeem rewards will be introduced.
Last month, the company also announced a WLFI buyback and burn plan.
World Liberty Financial’s USD 1 stablecoin is currently the sixth-largest stablecoin worldwide, with a market capitalization of $2.94 billion.
Will the WLFI Token Rally Come to a Halt?
The WLFI token has already seen a significant increase, rising 20% over the past week and is currently on the verge of a breakout past $0.15.
The daily trading volumes have also risen by 27% to $266 million, indicating strong bullish momentum.
Crypto analyst Marzell noted that the WLFI token is showing signs of strong accumulation after a long correction phase.
According to Marzell, $0.14-$0.15 serves as a key support zone and strong demand area, while $0.19 remains the critical resistance and breakout level.
The analyst maintained a bullish bias as long as WLFI holds above $0.15, setting a target above $0.19 for the next potential move.
Marzell added that sellers appear to be losing momentum, while buyers are reloading positions. According to him, a confirmed breakout above $0.19 could signal the start of the next upward leg.
