WLFI Token Unlock Set to Shake Markets

Hi! In today’s edition:

• ⏰ WLFI braces for massive token unlock

• ⚡ TRON cuts transaction fees by 60%

• 🐕 Musk’s lawyer to lead $200M DOGE treasury

Today’s newsletter is brought to you by Ledn and Re. If you enjoy Unchained Daily, show our sponsors some love!

How do you access capital when all your wealth is tied up in Bitcoin? LEDN solves this with Bitcoin-backed loans - you get the liquidity you need while keeping your Bitcoin position intact.

No selling, no taxable events, just capital when you need it.

Trusted since 2018 with 1,000+ verified reviews.

Earn up to 16% APY*

Crypto Traders Brace for Volatility Ahead of WLFI Token Unlock

The native token of World Liberty Financial (WLFI) is scheduled for a massive unlock at 8 a.m. ET as 20% of the tokens purchased by presale investors will become claimable through a Lockbox system. 

Blockchain data also shows that WLFI’s main multisig wallet transferred 17.6 billion tokens to the Lockbox contract address.

Ahead of the unlock, derivatives traders rushed to buy pre-market contracts for WLFI, sending volume up 563% to $3.54 billion across exchanges.

If WLFI’s pre-market price of $0.30 holds after launch, the project would be valued at over $30 billion, making it one of the most valuable in terms of fully-diluted value.

“WLFI has loads of cash to pump up their own prices. They raised $700M+ in presales, plus $1.5B from a damn Nasdaq listed company, forming a treasury company,” noted WeRate founder Quinten Francois on X.

“Only with a fraction of that money the price will easily hit $1. Even without it.”

TRON Slashes Network Fees by 60%

TRON’s transaction fees have been slashed by 60% following a successful community vote, marking the largest fee reduction in the network’s history.

The fee cut went into effect after TRON’s Super Representatives approved a proposal on Friday aimed at lowering the energy cost for transactions from 210 sun to 100 sun per unit.

The cost to transfer stablecoins like USDT on TRON has dropped significantly, with USDT transfer fees dropping from $2.47 to around $0.72.

TRON founder Justin Sun noted that the fee cut would impact the network’s profitability in the short term, but said that it would improve as more users and more transactions take place.

TRON has a market share of 28% of the $283 billion stablecoins locked across blockchains, according to DeFiLlama.

Elon Musk’s Personal Lawyer to Head $200 Million Dogecoin Treasury: Report

Tesla CEO Elon Musk’s longtime personal lawyer, Alex Spiro, has been tapped to chair a new public company aiming to raise $200 million to form a Dogecoin treasury, according to a report from Fortune.

Investors are reportedly already being pitched on the treasury firm that will invest in Dogecoin’s native token DOGE, with some of them noting that Dogecoin’s official corporate entity House of Doge had already signed off on the treasury play.

The effort mirrors a growing trend where listed companies create “digital asset treasuries” to give traditional investors exposure to crypto.

It also wouldn’t be the first DOGE-focused digital asset treasury. The Nasdaq-listed Bit Origin holds around 70 million DOGE, valued at close to $17 million.

Although it is unclear what role Spiro would play in the company, he sits on the cap table of Thumzup Media Corporation alongside Donald Trump Jr. 

Last month, Thumzup announced the acquisition of Dogecoin and Litecoin mining firm Dogehash in a $50 million all-stock deal.

• 🐋🔄 A mega-whale worth $11B rotated billions from bitcoin into ether, amassing 886,371 ETH valued at $4B—overtaking SharpLink’s treasury and sparking copycat whale buys plus $1.8B in ETF inflows that reinforced Ethereum’s demand surge.

• 🗳️ Sonic’s community voted nearly unanimously to authorize a $150M U.S. expansion plan, including a $50M ETF, a $100M Nasdaq PIPE vehicle, and the creation of Sonic USA in New York, while also adding token burn measures to counter inflation.

• 👮‍♂️ Seoul police arrested 16 suspects, including two alleged Chinese ringleaders, for stealing $28M from 258 elite Koreans’ bank and crypto accounts—among them BTS’s Jungkook—using hacked data and fake phone accounts.

• 📑 Bitcoin giant Strategy avoided further courtroom battles after investors dropped a lawsuit accusing it of overstating profits from new accounting rules, despite reporting a $4.22B loss earlier this year while holding $68B in BTC.

• 🔒 El Salvador split its 6,284 BTC reserve—worth $682M—into 14 wallets, citing protection against future quantum threats, even as IMF documents show the government hasn’t actually bought Bitcoin since February.

• 💴 Japan Post Bank, which oversees $1.29T in deposits, announced plans to join the DCJPY token network in 2026, letting 120M account holders instantly convert savings into digital yen for faster securities settlement and potentially 3–5% yields.

• 🇯🇵 Metaplanet pushed its Bitcoin stash past 20,000 BTC with a fresh $112M purchase while issuing 11.5M new shares to Evo Fund, but its stock has halved since June, raising doubts about whether the treasury model can keep funding further buys.

• 💅 Japan’s Convano Inc., best known for nail salons, revealed plans to raise $3B to buy 21,000 BTC, though it has only secured 2% so far, holding just 365 BTC as it pivots into crypto as a hedge against yen weakness.

1. Bitwise CIO Matt Hougan on why “Airdrops are going to be a defining feature of 2026”

2. Tyler Tarsi, CTO at Omni Network, on why perps “are the center of the market”

3. MoonPay: August Trendspotting: Token Launchpads