What to Know:
- World Liberty Financial announced the acquisition of the BUILDon (B) token, prompting a 1,340% price increase.
- Daily trading volume surged from under $100 million to $1.2 billion within 24 hours.
- The project now owns 636,000 tokens valued at approximately $172,000.
World Liberty Financial, a cryptocurrency initiative backed by the family of U.S. President Donald Trump, disclosed its acquisition of the BUILDon (B) token on Wednesday, resulting in an unprecedented 1,340% surge in the token’s value.
The purchase followed BUILDon’s announcement of plans to utilize WLFI’s USD1 stablecoin to develop real-world applications.
In a social media message, World Liberty Financial expressed: “We just bought some $B to support the BUILDon team. Love seeing projects choose $USD1 as their base pair — faster settlement, deeper liquidity, and growing every day. We hope to see more tokens make the switch.”
(Translation: We just bought some $B to support the BUILDon team. We love seeing projects choose $USD1 as their base pair—faster settlement, deeper liquidity, and growing every day. We hope to see more tokens make the switch.)
Data sourced from Arkham revealed that World Liberty Financial now possesses 636,000 B tokens valued at $172,000. Prior to the acquisition, the B token’s market cap was near $40 million, with trading volume below $100 million. Following the announcement by World Liberty Financial, this figure exceeded $1.2 billion. Most trading occurred on Pancakeswap, a decentralized exchange for the BNB Chain, which is yet to feature on major exchange platforms.
