In a volatile crypto market, the World Liberty Financial project, backed by the Trump family, sees its token WLFI price surging. The market rally comes after a governance proposal by the project was passed on September 18.
WLFI Price Rallies on September 19
At the moment of writing this article, WLFI is trading above $0.23, up by almost 5% in the past 24 hours. The token has a market cap of over $5.67 billion, and its 24-hour trading volume is over $560 million, up by almost 15% today.
WLFI was launched on September 1, hitting its ATH at $0.46 on the same day. After a downward trajectory until September 4, since then, the digital asset encountered volatilty, but this morning it kicked off a renewed rally.
WLFI Governance Proposal Passed
According to the project’s official website, the governance proposal passed with 99.84% votes. 0.1% of the voters have abstained, and 0.06% of the voters were against the proposal.
The voter with the highest voting power was moonmanifest.eth, who voted for the proposal on September 12.
The project’s proposal which went live on September 2 directs all fees earned by the project’s protocol-owned liquidity (POL) to be used for buying WLFI tokens on the open market and permanently burning it.
According to the official notes, only fees from the WLFI-controlled liquidity are included, and fees from the community or third-party LPs are not affected.
This is important for direct supply reduction, stronger holder alignment, and more transparency, as we already highlighted previously.
World Liberty Financial’s Crypto Portfolio on September 19
Currently, the crypto project World Liberty Financial has over $11,11 billion in digital assets, and the reserve’s value is up by over 3% on September 19, according to data from Arkham.
The WLFI portfolio includes multiple digital assets such as WLFI, USD1, TRX, MNT, ONDO, ETH, UDST, SOL, BNB, XRP, AAVE, memecoins like TOSHI, and others.
September 1st was the day with the highest balance in the portfolio, over $17 billion.
