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Newcomer WLFI Plummets—But Remains a Top Traded Coin on South Korean Exchanges

source-logo  news.bitcoin.com 05 September 2025 16:13, UTC
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Current metrics show $WLFI has fallen hard. It’s now trading 43.3% below its peak from Sept. 1—just four days back. The token’s market cap hovers near $4.6 billion, with close to 25 billion coins moving through the system.

$WLFI’s Rough Debut on Exchanges

This week, eyes turned to World Liberty Financial’s governance token, $WLFI. $WLFI has been on the market for less than a week. On Sept. 1, it hit $0.3313—a record. Now it trades at values between $0.1855 to $0.1875, down 43.3% from that high. Today, $WLFI has seen somewhat of a rebound, rising more than 10% over the last day.

Data from coinmarketcap.com shows about 24.66 billion $WLFI tokens in circulation, giving it a market cap near $4.6 billion. A full rollout of all 100 billion tokens would push that to roughly $18.6 billion. After hitting its peak, $WLFI slipped—but held above $0.21 until Sept. 3.

$WLFI hit a record low on Sept. 4, 2025, dropping to $0.164 per coin. A brief rebound followed news of a token burn and buyback plan announced on Sept. 2. Tether ( $USDT) leads $WLFI’s trading pairs. The Korean won ranks second—trading even higher than the U.S. dollar.

That data is tied to $WLFI’s strong presence on South Korean exchanges. On Upbit, it’s the third most traded coin after $ETH and $XRP. Over on Bithumb, it ranks fifth, behind $USDT, $ETH, $XRP, and BTC. A quarter of $WLFI’s trading activity over the last day was settled in won.

$WLFI’s rapid climb and sharp dip hint at a token still searching for footing. Heavy trade in South Korea suggests a broader ambition, but early volatility may test investor patience. The market’s next move over the next few days and weeks will shape $WLFI’s long-term story.

news.bitcoin.com