On-chain data shows a bulk transfer from WLFI to thousands of wallets.
Eligible addresses received $47 each.
USD1’s market cap reached a new all-time high.
World Liberty Financial, a decentralized finance project backed by US President Donald Trump’s family, brought a surprise airdrop early on Wednesday, June 4.
According to on-chain data provided by Arkham, WLFI transferred $47 to each of the eligible addresses that participated in the project’s presale in March. The Trump family-backed DeFi platform completed a $300 million presale.
While over 34,000 addresses took part in the presale, on-chain data from Arkham can only track 10,000 transactions for a single address.
If everyone eligible had gotten their airdrop earlier today, it would have been worth roughly $1.6 million in total.
The airdrop was delivered via a bulk transfer platform.
X user Crypto Guru called it “an evenly distributed airdrop — fair and square.”
Airdrop Confirmed: Multiple wallets are receiving exactly 47 #USD1 from the sky. It appears to be an evenly distributed airdrop — fair and square.
While many of the community members believe that the airdrop symbolizes Trump as the 47th US President, neither WLFI nor its affiliated members have officially addressed the mass token distribution yet.
The airdrop came as the project’s stablecoin, World Liberty Financial USD (USD1), reached a new all-time high market cap of $2.18 billion. USD1 recorded a daily trading volume of $220 million.
On May 1, Eric Trump announced that MGX, a UAE-based investment firm, will invest $2 billion in Binance, the largest crypto exchange, using WLFI’s stablecoin.
This brought massive attention to USD1, and many exchanges rushed to list the asset.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.