Expert Warns WLFI Value Could Collapse Without Justin Sun’s Support

2 min

The launch of the World Liberty Financial platform's native token, WLFI, was marked by significant anticipation due to support from the Trump family. However, within a day, WLFI's price dropped sharply, raising concerns about major investors, particularly Justin Sun, founder of Tron.

Key Points

  • WLFI debuted at $0.20 with a market cap of $1 billion.
  • Despite high trading volume, WLFI's value continued to decline.
  • Speculation suggests that exchanges may have sold part of their holdings (approximately 2.8%).
  • Allegations against Justin Sun include manipulation through his exchange HTX, offering a 20% annual percentage yield for deposits to offload his own holdings.
  • Concerns arise over his alleged tactics to cover withdrawals using his tokens, impacting retail investors' returns.
  • Sun's wallet address has been frozen amid accusations of manipulation, leading to fears that WLFI's price could decrease to zero.
  • Historical manipulation patterns linked to Sun raised alarms, including a $732 million Bitcoin withdrawal and a recent $30 million investment in WLFI.
  • Experts suggest that without Sun's liquidity strategies, WLFI's value may collapse.
  • The absence of backing from prominent figures like Donald Trump could further weaken investor interest.
  • Panic selling is anticipated among investors, potentially accelerating WLFI's downward trend.

WLFI Chart

Original publication

Authors credited by the source: Ronaldo Marquez

Published by Holder based on an external source.