WLFI Token Launches with Initial 12% Decline in Trading Value
World Liberty Financial has launched its native token WLFI, supported by President Donald Trump. The token's debut performance has been below expectations, with a current decline of 12% to around $0.24.
Key Points
- WLFI reached a high of $0.33 and a low of $0.23 during its launch.
- Donald Trump Jr. claims the token serves as a governance tool for a new financial ecosystem.
- Initially, 100 billion WLFI tokens were created; approximately 24.7 billion are now tradeable.
- Donald Trump reportedly holds about 15.75 billion WLFI tokens, valued at approximately $3.6 billion.
- Critics, including Senator Elizabeth Warren, have raised concerns over potential conflicts of interest due to the Trump family's involvement.
- The company previously launched a stablecoin named USD1, pegged to the dollar, valued at $2.7 billion.
