World Liberty Financial

World

Liberty

Donald Trump-themed cryptocurrencies surged as World Liberty Financial announced a new governance token.
Fight to MAGA (<a href="https://www.coingecko.com/en/coins/fight-to-maga" target="_blank" rel="noopener noreferrer nofollow">FIGHT</a>) led the charge with a massive surge of over 150%, pushing its valuation to $10.3 million. TrumpCoin (<a href="https://crypto.news/price/trumpcoin/" target="_blank" rel="noopener noreferrer nofollow">DJT</a>) also saw a strong rally, climbing 28% to reach $0.00032, its highest since Aug. 7, with daily trading volumes near $1 million. Meanwhile, MAGA (<a href="https://crypto.news/price/maga-hat/" target="_blank" rel="noopener noreferrer nofollow">MAGA</a>) rose by 18% over the past day, with a daily trading volume of $11.48 million.
All these gains helped push the total market cap of political-themed tokens past $481 million. Meanwhile, the community sentiment around the tokens had also turned bullish according to Coinmarketcap <a href="https://coinmarketcap.com/currencies/fight/" target="_blank" rel="noopener noreferrer nofollow">data</a>.
These tokens rallied after Donald Trump’s crypto initiative, World Liberty Financial, <a href="https://crypto.news/donald-trumps-wlfi-token-to-be-limited-to-accredited-investors/" target="_blank" rel="noopener noreferrer nofollow">announced </a>its plans to release a governance token named WLFI.
WLFI has been <a href="https://crypto.news/donald-trumps-world-libertyfi-full-red-flags-experts/" target="_blank" rel="noopener noreferrer nofollow">advertised</a> as a non-transferable governance token, allowing holders to propose and vote on platform-related matters. Approximately 63% of the total token supply is designated for public sale, with 17% for user rewards, and the remaining 20% for the team and advisors.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/trump-survives-assassination-attempt-meme-coins/"> Trump survives second assassination attempt: Will it affect meme coins and the future of crypto in the US? </a>
While the token’s launch date remains undisclosed, the project team has confirmed that sales will be limited to accredited investors.
Despite the rise on Sept. 17, political-themed tokens have been experiencing a downturn, with their total market cap now down to $481 million.
These tokens tend to gain prominence during election seasons, potentially losing much of their relevance after the elections conclude. Traders often refer to these as “event coins” because their prices are influenced as the date of the <a href="https://crypto.news/trump-meme-coins-crash-kamala-harris-polymarket-odds/" target="_blank" rel="noopener noreferrer nofollow">related event approaches</a>.
However, in the short term, these coins could see further gains if Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) breaks past its previous high, as meme coins often thrive during Bitcoin’s bull runs. Factors that could drive Bitcoin’s price higher include possible cuts in Federal Reserve rates, a weakening US dollar, and a continuing stock market rally.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/experts-weigh-in-on-the-trumps-world-liberty-financial/"> Financial freedom or false promises? Experts weigh in on the truth behind Trump’s World Liberty Financial </a>

MAGA, FIGHT, and DJT surge as Trump’s crypto project announces WLFI token

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