Trump-backed crypto project World Liberty Financial purchased 636,961 BUILDon tokens in support of the project. After the purchase, the token shot up by nearly 530%.
According to data from CoinMarketCap, the B token has jumped by more than 533% in the past 24 hours. It is currently trading hands at $0.21. Not only that, the token’s daily trading volume soared alongside its recent price jump, rising by 725% to around $770 million.
The token’s recent performance high was likely fueled by the recent investment made by World Liberty Financial. On May 22, the Trump-backed crypto project announced that it had purchased a large chunk of B tokens in order to support the BUILDon team.
“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,” wrote WLFI on its recent post.
The project purchased more than $25,011 worth of BUILDon native token, which amounted to 636,961 B. WLFI used their newly launched stablecoin USD1 to make the token swap that was executed on PancakeSwap.
BUILDon’s support for World Liberty Financial’s USD1
Before World Liberty Financial made their recent investment into B tokens, the BUILDon project had initially announced it would provide support for USD1 as a core trading pair on May 15. This marked the the first step for B to become linked with the WLFI ecosystem.
The announcement was followed by BUILDon declaring a trading competition for USD1 that was held in partnership with the Fourmeme platform. It boasted a prize pool of up to $200,000, provided by the BUILDon project team. On the same day as the WLFI token purchase, B declared that it would help to develop USD1 on BNB Chain (BNB).
“Through this effort, we aim to enhance the utility and liquidity of USD1, contributing to the advancement of authentic and sustainable decentralized finance,” wrote BUILDon in its recent post.
Most recently, World Liberty Financial approved a proposal to airdrop a small amount of USD1 to WLFI token holders. Although the proposal does not contain the exact date for the airdrop, it did state the amount would be calculated based on the number of eligible wallets in the ecosystem and the budget available.
