coindesk.com
World Liberty Financial, the crypto project backed by U.S. President Donald Trump's family, announced Wednesday that it bought BUILDon (B), sparking a 1,340% move in the $BNB Chain token.
The purchase came after BUILDon announced it would be using WLFI's $USD1 stablecoin to create real-world use cases.
"We just bought some $B to support the BUILDon team," World Liberty Financial wrote in a tweet. "Love seeing projects choose $USD1 as their base pair — faster settlement, deeper liquidity, and growing every day. We hope to see more tokens make the switch."
Data from Arkham shows that World Liberty Financial holds 636,000 B tokens valued at $172,000.
Prior to the purchase, the B token was valued at around $40 million in terms of market cap, attracting less than $100 million in daily trade volume. That volume figure over the past 24 hours surpassed $1.2 billion following World Liberty Financial's announcement.
The majority of that volume has taken place on decentralized exchange Pancakeswap, which is $BNB Chain's answer to Uniswap. It is not yet listed on any major exchanges.