WLFI Price Falls 3% Amid Treasury Sale to Hut8

  • World Liberty Financial (WLFI) experienced a 3% price drop on October 4, reaching $0.20 while the crypto market overall was rising.
  • The decline followed WLFI's announcement of a treasury token sale to Trump-backed Hut8 at $0.25 per token.
  • WLFI stated that these tokens were "locked" reserves, emphasizing no new token issuance occurred.
  • Market reactions were negative, with questions about why Hut8 bought tokens above the market rate and concerns over the terms for unlocking these reserves.