World Liberty Financial Airdrops 8.4 Million WLFI Tokens Valued at $1.2B

World Liberty Financial announced an upcoming airdrop of 8.4 million WLFI tokens, valued at $1.2 billion.

Key Points:

  • The distribution will occur across six exchanges: Gate.io, KuCoin, LBank, HTX Global, Flipster, and MEXC.
  • Early participants in the USD1 stablecoin's Points Program will receive the WLFI tokens first.
  • The USD1 stablecoin is backed by the US dollar and currently ranks as the sixth-largest globally with a market cap of $2.94 billion.
  • World Liberty plans to expand its points program with new partners and DeFi integrations.
  • A WLFI buyback and burn plan has also been announced.

WLFI Token Performance:

  • WLFI surged 20% over the past week, aiming for a breakout past $0.15.
  • Daily trading volumes increased by 27% to $266 million.
  • Analyst Marzell identified $0.14-$0.15 as a key support zone and $0.19 as a critical resistance level.
  • The token shows signs of accumulation, suggesting potential further upward movement if it holds above $0.15.