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Trump-linked WLFI token outpaces XRP in derivatives volume as traders face $30M losses

The new buyback proposal may shape WLFI's future amidst initial trading frenzy and sharp price dip.

CryptoSlate

Sep 2

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Happy Tuesday!

The Trump-linked WLFI token surged past XRP in derivatives volume this week, igniting intense trading activity that has led to $30 million in trader losses as the token's price dipped sharply. The launch of World Liberty Financial, valued at $7.4 billion, sent Ethereum gas fees soaring and sparked a frenzy across major exchanges. California Governor Gavin Newsom is set to launch a memecoin called "Trump Corruption Coin" aimed at trolling Trump and funding democracy initiatives. Check out these stories for all the latest.

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The global crypto market cap is $3.83 trillion, with a 24-hour volume of $175.15 billion. The price of Bitcoin is $111,678.21, and BTC market dominance is 57.9%. The price of Ethereum is $4,369.12, and ETH market dominance is 13.7%. The best-performing sector is Bitcoin Ecosystem, which gained 13%. The Crypto Fear & Greed Index is currently Neutral (49).