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This ‘Trump supporter’ just turned $350k into $8 million

This ‘Trump supporter’ just turned $350k into $8 million
Paul L.

As the cryptocurrency market turns its attention to World Liberty Financial (WLFI), a Trump family-linked project preparing for its unlock, on-chain data shows that investors are already witnessing significant profits.

To this end, a crypto investor using the Ethereum (ETH) domain trumpisthebest.eth has turned a $347,000 bet on WLFI into an unrealized gain of more than $8 million, according to the latest on-chain data retrieved by Finbold from Lookonchain on September 1.

Blockchain records indicate that the wallet spent USDC, USDT, and Ethereum approximately 224 days ago to acquire roughly 23.14 million WLFI tokens. At current market valuations, that stash is now worth about $8.5 million, representing a paper return of nearly 25 times the initial investment.

WLFI unlock 

The timing of the purchase appears prescient. WLFI, tied to Trump family business interests, has gained traction as it prepared for its September 1 unlock.

Ahead of the event, the project saw a sharp increase in derivatives activity. Over the past 24 hours, WLFI derivatives volume surged 535% to $4.54 billion, while open interest climbed 45% to $887 million, according to Coinglass. Binance led trading with $2.22 billion in volume, nearly half the total.

The unlock will release 20% of early investor allocations, equal to 5% of the 100 billion token supply. Early buyers, who paid between $0.015 and $0.05 per token, now sit on paper gains of up to 20x at current prices of $0.32–$0.34.

It’s worth noting that WLFI raised $550 million across two funding rounds. Tokens will be distributed through a “Lockbox” process with further vesting to limit volatility. 
Binance has confirmed it will list WLFI spot pairs at 13:00 UTC on September 1, alongside other global exchanges, a move likely to increase interest around the token.

Featured image via Shutterstock

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