World Liberty plans to unlock WLFI token transferability within two months as pre-market trading pushes it to 11th-largest market cap

World Liberty Financial, the DeFi project with connections to President Donald Trump, is targeting the next two months for its WLFI to officially begin trading. Friday's announcement comes on the heels of a governance vote to approve WLFI token transferability earlier this week."Community triumph! $WLFI tradability is approved," the team wrote on X. "We're targeting 6–8 weeks for the full awakening — strategic alignments (alliances, grand stages, smart unlocks) take time to realize full potential. Something for everyone is brewing…""Why the wait? We're forging powerhouse deals that could reshape $WLFI's future, prepping for epic listings on major platforms, and crafting fair unlock schedules. This isn't delay — it's building legend," they continued.World Liberty’s token governance decision closed on Wednesday with 99.94% of the voting power in approval after a weeklong voting period. Currently, WLFI tokens offer no economic rights over the protocol, which is expected to be a white label derivative of Aave, though it is still under development.Pre-market pricingUnlocking the tokens, which were not transferable when first offered, will open the door to speculation and price discovery. WLFI currently trades near $0.16 in pre-market trading, according to Galaxy researcher Thaddeus Pinakiewicz in a Friday note. WLFI has a fully diluted market cap of $16 billion, at least at pre-market prices. By comparison, Aave has a $5.1 billion diluted market cap."That pre-market has seen about $15 million of volume since launch, with WLFI trading around $0.16 as of writing, a 10x multiple and 3x respectively to the two previous tranches sold by the team at $0.015 and $0.05," Pinakiewicz wrote. "At current prices, WLFI would be the No. 11 cryptocurrency by market cap, right above HyperLiquid’s HYPE."World Liberty raised about $550 million selling approximately 25 billion tokens, representing a quarter of the total 100 billion supply, at those prices. The government proposal noted that the remaining tokens will be “subject to a second vote by the community to determine the unlock and release schedule.”The team also noted that the protocol founders, team, and advisor tokens “will be subject to a longer unlock schedule” and plan to distribute “a portion” of the tokens to "early supporters." A Trump-connected company, DT Marks DEFI LLC, is expected to receive 22.5 billion WLFI tokens, according to a disclosure statement in October.At current prices, DT Marks’s WLFI allocation would be valued at $3.6 billion. However, the firm only held 15.75 billion WLFI tokens at the end of last year, according to a public financial disclosure report published last month. Several lawmakers, including Sen. Elizabeth Warren, have raised concerns about conflicts surrounding Trump's crypto ties.In addition to the decentralized lending protocol, World Liberty oversees the USD1 stablecoin. The team has floated the idea of airdropping USD1 tokens to “early” WLFI holders, though no plans have been announced.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.