World Liberty Financial’s WLFI Token Plunges Amid Manipulation Allegations and Volatility
The Trump family's crypto project, World Liberty Financial (WLFI), has seen its native token price plummet by more than 10% in the last 24 h
Quick overview
- The Trump family's crypto project, World Liberty Financial (WLFI), has experienced a significant price drop of over 10% in the last 24 hours, now trading at approximately $0.21.
- WLFI's launch was marked by volatility, accusations of market manipulation, and the blacklisting of 272 wallets, including one owned by major investor Justin Sun.
- Despite burning 47 million tokens to stabilize the price, investor confidence remains low, with technical analysis suggesting potential further declines to $0.15 or $0.10.
- The project's future hinges on its ability to rebuild trust and demonstrate genuine decentralization amidst concerns over centralized control and tokenomics.
The Trump family’s crypto project, World Liberty Financial (WLFI), has seen its native token price plummet by more than 10% in the last 24 hours. It is now trading at about $0.21. This drop comes after a very unstable first week that was full of accusations of market manipulation, the blacklisting of hundreds of wallets (including one owned by big investor Justin Sun), and a larger discussion about centralized control in a project that was intended to be decentralized.
WLFI’s Volatile Debut and Market Concerns
WLFI’s first day of trading on major crypto platforms was very volatile. The token went up to $0.46 at first, but then value immediately fell by more than 40%. This sudden drop made people worry about price manipulation. The WLFI team said that big holders and centralized exchanges were moving tokens to platforms with a lot of liquidity so they could sell them and start big short bets.
The WLFI team blacklisted 272 wallets as a result of this suspected manipulation and to “protect user funds.” This step was meant to stop more losses and fix accounts that had been hacked. The most important thing that happened was the freezing of a wallet that belonged to Justin Sun, the founder of Tron and a major investor in the project. Many people in the community have condemned the action, saying it goes against the idea of decentralization and sets a bad example for centralized authority. Even though 47 million tokens were burned to stabilize the price, the token has continued to have problems, which shows that investors are losing faith in it.
WLFI/USD Technical Analysis
WLFI is in a bad spot from a technical point of view. The coin is presently trading below $0.22, which is a crucial psychological and technical level. A well-known analyst has said that if the price keeps going below this level, it could drop significantly more, possibly to $0.15 or even $0.10.
Some analysts say that the token is in a period of consolidation, with a trading range of $0.20 to $0.25. However, some previous news reports from a few days ago said that the price ranges were different. The Relative Strength Index (RSI) is likewise showing this neutral momentum.
WLFI’s future pricing will depend a lot on how well it can repair trust and show that it is strong. Blacklisting wallets has been called a vital security step, but it has made big investors nervous. The project’s ties to the Trump family and its focus on DeFi and stablecoin lending give it a strong story. But skeptics say that the tokenomics, the huge supply of 100 billion tokens, and the possibility of centralized governance are all long-term problems.
World Liberty Financial (WLFI) Price Prediction
The coin could stay under pressure even if good news or a market rise happens quickly. This is based on the existing technical indications and emotion. If selling pressure stays strong, the price could keep moving up and down in its present range, with a possible downside target of $0.15. But the project’s work with established protocols like Aave and its governmental support could be what it needs to make a comeback in the next few months. The project’s future success depends on its capacity to deal with these problems and show that it is committed to both security and real decentralization.
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