World Liberty Finance’s WLFI token is experiencing sharp swings in the run-up to its token-generation event, scheduled for 1 Sept. 2025. The project raised a disclosed $22.6 billion across eight public rounds; the largest was Alt5 Sigma’s $1.5 billion equity purchase at $0.20 per token. Secondary markets began trading the token on 24 Aug. after KuCoin opened a pre-market venue and Hyperliquid introduced 3x-leveraged WLFI derivatives. Early indications put the fully diluted value between $20 billion and $25 billion, positioning WLFI as one of the year’s biggest launches. Price action has been volatile. WLFI fell more than 40 percent overnight to about $0.243, erasing much of last week’s enthusiasm. On-chain data show mixed positioning: a wallet identified as 0x31F9 deployed $15.47 million in USDC to build leveraged longs in WLFI-related assets, while trader 0BFAA’s $1.53 million 3x WLFI long sat $412,000 underwater as of midday Friday.