World Liberty Financial's Purchase Sends BUILDon Token Value Soaring 1,340%

World Liberty Financial, a crypto project with backing from the family of former U.S. President Donald Trump, made a significant move in the cryptocurrency market. On Wednesday, the company announced the purchase of BUILDon (B) tokens, which resulted in a dramatic 1,340% increase in the value of the BNB Chain token.

The acquisition by World Liberty Financial came on the heels of BUILDon's announcement that it would be utilizing WLFI's USD1 stablecoin to develop real-world use cases. This strategic move is aimed at enhancing the utility and adoption of the BUILDon token within the broader cryptocurrency ecosystem.

World Liberty Financial expressed its support for the BUILDon team through a tweet, stating, "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." This endorsement from a prominent figure in the crypto space has undoubtedly contributed to the surge in interest and value of the BUILDon token.

According to data from Arkham, World Liberty Financial now holds 636,000 B tokens, valued at approximately $172,000. This investment underscores the confidence that World Liberty Financial has in the potential of the BUILDon project and its ability to deliver on its promises.

Prior to the purchase, the B token had a market capitalization of around $40 million and attracted less than $100 million in daily trade volume. Following World Liberty Financial's announcement, the trading volume for the B token surged, exceeding $1.2 billion within the past 24 hours. This dramatic increase in trading activity highlights the significant impact that endorsements from influential figures can have on the cryptocurrency market.

The majority of the trading volume for the B token has taken place on the decentralized exchange Pancakeswap, which is the BNB Chain's equivalent to Uniswap. As of now, the B token is not listed on any major exchanges, which may contribute to its volatility and the potential for further price movements in the future.

This development is a clear indication of the growing influence of prominent figures and their backing in the cryptocurrency market. The endorsement and investment by World Liberty Financial have not only sent the price of the BUILDon token soaring but also highlighted the potential for other tokens to benefit from similar support. As the cryptocurrency market continues to evolve, the role of influential backers and their impact on token prices will likely remain a key factor in shaping the landscape of digital assets.