WLFI token unlock sparks rallies in Loopring and Dolomite | Credit: Hameem Sarwar
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Key Takeaways
Loopring Dolomite prices jumped ahead of World Liberty Finance’s token unlock.
LRC shows positive price-DAA divergence, while DOLO’s volume rose to $300 million.
With $500 million in OI, today’s unlock could trigger either an explosive or a correction.
Loopring (LRC) and Dolomite (DOLO) are both on a tear, logging double-digit gains as excitement builds around the launch of World Liberty Financial’s (WLFI) token, which goes live for trading today.
Over the past month, LRC has gained 25%, while DOLO has soared 115%.
So what’s fueling the rally—and what might come next as WLFI’s first token unlock hits the market? CCN takes a closer look.
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While the WLFI token unlock is set for today at 8 AM E.T., it’s essential to understand why LRC and DOLO are rising.
Dolomite is a DeFi platform founded by Corey Caplan that offers margin trading, lending, and portfolio management.
Launched initially on Ethereum using the Loopring protocol, Dolomite introduced features such as virtual liquidity systems.
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In September 2024, Caplan was appointed an advisor to World Liberty Financial (WLFI). This dual role ties Dolomite to WLFI.
To clarify, Loopring itself has no direct connection to WLFI. However, since Loopring’s technology powers Dolomite’s decentralized exchange, the association has indirectly fueled bullish sentiment for LRC’s price.
As the WLFI token unlock nears, demand for LRC and DOLO has spiked, and bullish sentiment around both tokens has surged.
Loopring trades at $0.10 at press time, while Dolomite is $0.30. But the real question is: What’s happening on-chain, and what lies ahead for their prices?
Loopring (LRC) Price Analysis
From an on-chain perspective, Santiment data shows that LRC’s price-to-DAA divergence has spiked to 175.97%.
This positive divergence suggests that price growth is aligned with rising network activity.
In other words, the rally isn’t being fueled by speculation alone—it’s backed by strong user engagement on-chain.
Had the metric turned negative, it would have implied weakening demand and a bearish outlook.
However, with the current reading in positive territory, Loopring’s price may have the support it needs to climb even higher.
Looking at the technical setup, the daily chart shows Loopring’s price breaking above the resistance line of its descending triangle.
At the same time, the Chaikin Money Flow (CMF) is trending higher within an ascending channel, signaling strengthening capital inflows.
With solid horizontal support at $0.073, LRC looks poised to retest the upper resistance at $0.13. If bullish momentum aligns with a strong WLFI token launch, LRC could extend its rally toward $0.17.
Much like its bullish on-chain outlook, the technical setup favors a higher Dolomite price. On the 4-hour chart, DOLO has been forming higher lows, a sign of steady accumulation and strengthening momentum.
Adding to this outlook, the MACD has flashed a bullish crossover, while the Money Flow Index (MFI) has climbed to a strong level, reflecting rising capital inflows.
If these conditions hold, DOLO could rally toward $0.40 ahead of the WLFI token launch. However, the token’s value could slip to $0.26 if demand weakens.
What To Expect from WLFI
Remember that today’s WLFI unlock accounts for 20% of its 100 billion maximum supply, which equates to 20 billion WFLI tokens.
In the pre-market phase, some investors bought in at $0.0015, and others entered at $0.05.
That means early backers are already sitting on 20x returns. Now, anticipation is heating up.
Coinglass data shows WLFI’s Open Interest (OI) has surged past $500 million ahead of the unlock.
The surge in OI highlights how much speculation is building around WLFI. High OI means traders are piling into leveraged positions, setting the stage for notable price swings once the token becomes tradable.
If buying pressure dominates at launch, WLFI could experience an explosive rally, fueled by shorts being squeezed out of their positions.
On the other hand, if early investors decide to take profits quickly, the weight of heavy OI could accelerate a steep correction, as liquidations cascade and selling pressure overwhelms the order books.
In short, the elevated OI suggests that WLFI’s debut will likely be highly volatile, creating both opportunity and risk for traders.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
