An otherwise quiet Labor Day Monday in markets was disrupted onchain by the opening of claims on WLFI tokens at 8:00 am ET.

Ethereum gas fees quickly spiked into triple digits as recipients rushed to claim tokens, alongside immediate secondary trading. World Liberty Financial had flagged the unlock flow last week and announced its “Lockbox” ahead of today’s window. 

One reason on-chain swapping skewed high: several large centralized exchange listings were scheduled for later in the day. OKX, for example, set spot trading for WLFI/USDT to begin at 9 am ET, after the claims window was already live — pushing early flow toward Uniswap in the interim.

Etherscan’s Gas…

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