Trump-Backed Token WLFI Launches with Staggering $7.4B Valuation, Sends Ethereum Gas Fees Through the Roof

Political meme coin mania hits new peak as Trump-endorsed WLFI token storms crypto markets with billion-dollar debut.

Network Strain

Ethereum gas fees skyrocket 400% as speculators flood the chain—proof that even blockchain isn't immune to political hype cycles. Transaction costs hit record highs while degens FOMO into the latest celebrity-backed gamble.

Valuation Questions

A $7.4B market cap on day one? Either this is genius marketing or the greatest example of 'greater fool theory' since the last meme coin bubble. Wall Street bankers watching from sidelines must be taking notes—or laughing into their bourbon.

Welcome to the new era of political finance: where endorsements replace fundamentals and gas fees become the real winner. Sometimes the market doesn't need catalysts—it just needs characters.

This spike highlighted how much interest the Trump-linked token has generated among retail traders and institutions.

WLFI token

In a Sept.1 blog post, the World Liberty Financial team stated that the launch introduced more than 24.6 billion WLFI into circulation.

Out of this supply, about 10 billion tokens were retained by the project’s parent company, World Liberty Financial, Inc. Another 7.78 billion tokens were assigned to Alt5 Sigma Corporation, giving it close to eight percent of the total supply as part of its treasury strategy.

Nearly 2.9 billion tokens were directed toward exchange activity to maintain liquidity and support early marketing. At the same time, more than 4 billion were distributed to public sale participants with an initial 20 percent unlocked at launch.

The team stated that the remaining 76 billion tokens are “subject to vesting schedules or are otherwise locked.” These tokens belong to its strategic partners, the project’s team, and its treasury.

Trump Jr. framed the token as central to the project’s long-term mission, emphasizing that WLFI is designed as a governance LAYER rather than a speculative instrument.

Meanwhile, TRON founder Justin Sun, who publicly aligned himself with the project, reinforced this position by pledging not to sell his unlocked holdings.

He also announced that to mark the launch, USD1 circulation on Tron WOULD expand to $200 million, linking the success of WLFI with broader stablecoin growth on his blockchain.