@worldlibertyfi's $WLFI token is trading with a significant portion of its supply still off the market. With a market cap of approximately $1.73B and a fully diluted valuation (FDV) of $5.44B
@worldlibertyfi's $WLFI token is trading with a significant portion of its supply still off the market. With a market cap of approximately $1.73B and a fully diluted valuation (FDV) of $5.44B, the token's circulating supply sits at around 32%, meaning nearly 70% of all $WLFI tokens remain locked.
What the numbers mean
The gap between market cap and FDV is a key figure for investors to watch. The current market cap reflects less than a third of the token's eventual full size, meaning that as more supply enters the market over time, dilution remains a real risk. According to CoinGecko, the total supply of $WLFI is 100 billion tokens, with around 32 billion currently tradable.
The token's vesting structure is managed through a smart contract system known as the "Lockbox," which holds tokens in escrow and releases them according to a defined schedule. A major governance proposal passed earlier this year with 99.9% approval, restructuring the unlock timeline: early presale supporters face a two-year cliff followed by a two-year linear vest, while founders, team members, and partners agreed to burn roughly 10% of their holdings (approximately 4.5 billion tokens) with the remainder vesting over five years. The full unlock schedule is expected to extend into 2031.
Adding to the supply overhang concern, the price of $WLFI is down 6.2% over the past 30 days. That comes even as the broader project continues to develop, with its USD1 stablecoin expanding its integrations and the protocol maintaining a top-50 ranking by market cap across major data providers.
Dilution risk remains the key watchpoint
For holders, the core question is how markets will absorb the remaining locked supply as it is gradually released. Structured vesting is designed to reduce sudden price shocks, with $WLFI using linear vesting for team and advisor allocations, meaning tokens are released in equal amounts over time rather than in large cliff events.
Still, the scale of the remaining locked tokens means any sustained sell pressure from unlocking insiders could weigh on price. At current levels, the FDV of $WLFI implies the market would need to absorb more than three times the current circulating value if all 100 billion tokens were ever in free float simultaneously.
Sources:World Liberty Financial (WLFI) Market Data, CoinGeckoWLFI Upcoming and Historical Token Unlock Events, Tokenomist62 Billion WLFI Token Unlock Schedule Goes Live, Memeburn