# World Liberty Financial Token Ledger Ledger of what has happened to **WLFI**, [[World Liberty Financial]]'s governance token: sales, unlocks, vesting, transfers to insiders and token-for-equity swaps. It takes the place of a Contracts page, because for WLF the token supply is where the money comes from. **Ledger discipline:** record a transaction only when it is disclosed by WLF, a governance vote, an SEC filing, an OGE disclosure, or verifiable on-chain data reported by a named outlet. On-chain **wallet ownership is an inference** unless WLF confirms it; mark it so. Record dollar figures as the source states them, and say whether a figure is gross sales, the family's share, or a market value. ## Supply basics - **Total supply:** 100 billion WLFI. - **Trump-family allocation:** 22.5B WLFI per WLF (DT Marks DEFI and family); 15.75B listed on Trump's 2024 OGE filing. - **Circulating supply and price (Oct 8, 2026):** about 31.8B circulating; about $0.055; market cap about $1.73B (CoinGecko). All-time high about $0.33 (intraday reports as high as $0.46 on Sep 1, 2025). ## Ledger | Date | Event | Size | Source | Notes | |---|---|---|---|---| | Oct 2024 | Public sale opens; Gold Paper | — | Benzinga | DT Marks DEFI gets 75% of net revenue | | Mar 17, 2025 | Public sales close | **$550M** for 25B WLFI | WLF (BusinessWire) | $300M at $0.015, $250M at $0.05 | | Apr 16, 2025 | DWF Labs purchase | $25M | CoinDesk | | | Jun 26, 2025 | Aqua1 Foundation purchase | $100M | Reuters, Bloomberg | UAE-based fund | | Aug 11, 2025 | **[[ALT5 Sigma]] treasury deal** | ~$1.5B total; 100M ALT5 shares paid for **in WLFI** | SEC 8-K | ALT5 ends up holding ~7.5% of WLFI; [[Zach Witkoff]] becomes ALT5 chairman | | Sep 1, 2025 | WLFI becomes tradeable | early buyers may sell 20% | The Block | | | Sep 4, 2025 | [[Justin Sun]]'s wallet blacklisted | ~$9M of tokens moved | The Block | Exposed a contract freeze function | | after Mar 2025 – 2026 | **Quiet private sales** | 5.9B WLFI; **$660M** to the Trump family | Bloomberg (May 1 and 12, 2026) | Sold while early public buyers remained locked | | Apr 9, 2026 | **WLF borrows against its own token** | 5B WLFI posted to borrow **$75M** on Dolomite | CoinDesk; Fortune | Dolomite's co-founder is WLF's CTO. WLFI hit record lows | | Apr 14 – May 6, 2026 | **Unlock and vesting overhaul** passes (99.9% yes) | Founders: 45.2B on a 2-year cliff + 3-year vest, optional 10% burn. Early supporters: 17B on 2+2 years | ChainCatcher; CoinDesk | | | May 19, 2026 | Founder wallets deposit into vesting contract | 30B WLFI from six wallets; largest deposited 15.75B and kept 14.175B after the burn | On-chain, reported Sep 14, 2026 (CoinDesk/COINOTAG) | **First unlock May 2028.** The 15.75B wallet matches Trump's disclosed allocation; ownership is an inference. WLF spokesman confirmed the co-founders' transfers | | Mar 13, 2026 | Governance staking passes | 180-day lock to vote; node tiers | Cointelegraph | 76% of voting power from 10 wallets. Reuters: "guaranteed direct access" to the team for ~$5M staked | | Oct 1, 2026 | **Governance incentive program goes live** | $1.25M USD1 pool over 180 days for holders who lock 180 days and vote every 90 | Crypto Briefing | Paid in WLF's own stablecoin | ## Patterns worth tracking - **Insiders exit while outsiders are locked.** The quiet private sales (Bloomberg) and the April 2026 loan against the treasury's own tokens both happened while early public buyers could sell only 20%. - **WLFI is used as currency.** It bought $750M of ALT5 Sigma stock and served as $75M of loan collateral. Each use turns an illiquid token into cash or listed equity without selling on the open market. - **Supply discipline arrives late.** The vesting overhaul and the staking locks both tighten float, but only after the largest insider realizations. The founders' first unlock (May 2028) comes eight months before the current term ends; the full vest runs to about 2031. ## See Also - [[World Liberty Financial Dossier]] · [[World Liberty Financial Investors]] · [[World Liberty Financial USD1 Ledger]] - [[ALT5 Sigma]] · [[Trump Crypto Ventures Personal Extraction]]