Open interest in contracts for the Trump family-tied World Liberty Financial (WLFI) token approached $1 billion just hours before a partial unlock. The open interest was noted at approximately $950 million earlier on Monday, later cooling to $887 million—up 45% within 24 hours, according to CoinGlass. Simultaneously, trading volume for WLFI derivatives soared over 535% to $4.54 billion, making it the fifth-most traded crypto derivative in the last 24 hours. WLFI is currently trading around 34 cents, down from a peak of over 40 cents last week. The unlock, effective at 8 am New York time, involves releasing 5% of the total token supply, heightening interest in the token. Should WLFI maintain its value at 34 cents, its fully diluted market cap could reach $34 billion, making it the ninth-largest cryptocurrency. Most trading takes place on Binance, holding about half of the activity, while Kraken and OKX have also contributed significantly. World Liberty announced the unlock after a successful token sale campaign that raised $550 million, with Donald Trump as its Chief Crypto Advocate.

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