WLFI Token Faces Collapse Risks Amid Panic Selling Fears
The launch of WLFI, the native token of the World Liberty Financial platform, was expected to be a significant milestone in the crypto market, especially with backing from the Trump family. However, just a day after its debut, the token's price plummeted, leading to intense speculation about its major investor, Justin Sun, the founder of the Tron blockchain.
Key Points
- WLFI launched at $0.20, reaching a market cap of $1 billion.
- The token's price continued to decline, despite community holding.
- Allegations have surfaced against Justin Sun for market manipulation via HTX.
- Experts fear WLFI could potentially head toward zero without support.
- Panic selling may lead investors to safer investment options.
In-Depth Analysis
Market expert Quinten Francois highlighted that despite the initial excitement surrounding WLFI's launch, the ongoing price drop raises concerns. The token generated significant trading volume at first, yet its value persisted in declining. Interestingly, the community appeared to be holding rather than selling, raising questions about whether exchanges were offloading their holdings.Justin Sun's actions have stirred further controversy. Through his HTX exchange, he reportedly offered a 20% annual percentage yield (APY) for WLFI deposits, potentially masking his own significant sell-offs. This so-called