World Liberty Financial, the crypto project backed by U.S. President Donald Trump's family, announced Wednesday that it bought BUILDon (B), sparking a 1,340% move in the BNB Chain token.
U.S. President Donald Trump's family crypto project World Liberty Financial said Wednesday that it bought BUILDon (B), sparking a 1,340% move in the BNB Chain token.
The purchase came after BUILDon announced it would be using WLFI's USD1 stablecoin to create real-world use cases.
“We just bought some $B to support the BUILDon team,” World Liberty Financial said in a tweet. “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.”
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
— World Liberty Financial (@WLFIsoldier) March 8, 2024
Data from Arkham shows that World Liberty Financial holds 636,000 B tokens valued at $172,000.
Prior to the purchase, the B token was valued at around $40 million in terms of market cap, attracting less than $100 million in daily trade volume. That volume figure over the past 24 hours surpassed $1.2 billion following World Liberty Financial's announcement.
The majority of that volume has taken place on decentralized exchange Pancakeswap, which is BNB Chain's answer to Uniswap. It is not yet listed on any major exchanges.
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