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What’s the real WLFI? How to avoid the scammers

source-logo  cointelegraph.com 01 September 2025 17:18, UTC
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After months of speculation, the Donald Trump–backed World Liberty Financial ($WLFI) token began trading Monday morning. However, confusion remains around the token’s unlock schedule, supported exchanges and distinguishing the legitimate $WLFI from a wave of imitations.

What is $WLFI?

$WLFI is the native token of World Liberty Financial, a decentralized finance (DeFi) platform founded in 2024. While its utility has been kept deliberately vague, the project promotes itself as a bridge between traditional finance and DeFi. $WLFI functions as the platform’s governance token, giving holders voting power over protocols and strategic decisions.

On Monday, the project confirmed $WLFI is officially live with a total supply of 24.66 billion tokens, allocated as follows:

  • 10 billion to World Liberty Financial Inc.

  • 7.78 billion to enterprise blockchain company Alt5 Sigma Corporation

  • 2.88 billion to liquidity and marketing

  • Just over 4 billion to the public

Related: Trump-backed $WLFI to unlock 24.6B tokens at launch

Which exchanges support $WLFI at launch?

Binance became the first major exchange to list $WLFI, offering trading pairs with USDC and USDT. Trading has also gone live on Bybit, Bitget and KuCoin.

Separately, Coinbase announced it will support $WLFI on the Ethereum network, with trading to begin once “liquidity conditions are met.”

Source: Coinbase Assets

Avoiding scams

Alongside the hype, numerous $WLFI scams have appeared. Analytics firm Bubblemaps identified “bundled clones” — look-alike smart contracts that imitate established crypto projects. Using the wrong contract address could result in a permanent loss of funds.

Source: Bubblemaps

The following are the correct $WLFI smart contract addresses across relevant networks:

  • Ethereum: 0xdA5e1988097297dCdc1f90D4dFE7909e847CBeF6

  • BNB Smart Chain: 0x47474747477b199288bF72a1D702f7Fe0Fb1DEeA

  • Solana: WLFinEv6ypjkczcS83FZqFpgFZYwQXutRbxGe7oC16g

Many crypto scams originate on social media, with X being a primary target. Official updates on $WLFI tokens should only be trusted if they come from the verified “worldlibertyfi” account on X.

Source: World Liberty Financial

Post-launch volatility

With a circulating supply of about 24.66 billion tokens, $WLFI debuted at a market capitalization of $6.4 billion, according to CoinMarketCap. Trading volumes surged, and the token climbed 14% to $0.26.

As with many crypto launches, $WLFI’s price action reflects a mix of speculative demand, limited liquidity and uncertainty around long-term adoption — factors that can drive sharp volatility in the early days.

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cointelegraph.com