WLFI Token Surges 30% Amid Scam Allegations from Grok
WLFI, the token from World Liberty Financial, launched on September 1 and peaked at $0.46 before dropping to an all-time low of $0.16 by September 4 due to selling pressure linked to Justin Sun and alleged insider activity.
Key points include:
- 272 wallets blacklisted, including Sun's, related to phishing scams.
- WLFI froze Sun’s account following significant selloff patterns detected by intelligence platforms.
- No concrete evidence found regarding insider activity or misuse by Sun.
- Grok AI chatbot categorized WLFI as a potential scam due to ongoing controversies.
- WLFI has increased by 30% in the last 24 hours, now trading at $0.238 with a market cap of $5.9 billion.
- Current price is still 48.5% lower than its launch-day peak.
- Technical analysis suggests WLFI may experience significant volatility soon, indicating potential for either sharp gains or losses.