Here’s How the Trump-Linked WLFI is Trying to Stop its Post-Launch Price Crash
- After a volatile launch, the Trump-linked WLFI project has burned 47 million tokens worth $11.34M
- The burn is a “supply squeeze” designed to counter heavy selling pressure from presale investors
- The token’s debut generated $6B in volume on Binance and a peak market cap near $10 billion
The team behind the Trump-linked World Liberty Financial (WLFI) is already stepping in to defend its token price, just two days after a chaotic and high-volume launch.
With the token down significantly from its peak, the project executed its first token burn, pulling 47 million WLFI worth over $11 million out of circulation to support the market. This is according to on-chain data from blockchain tracker EmberCN.
What’s the Real Story Behind the WLFI Price Action?
The WLFI launch was one of the biggest of the year, but the price chart tells a story of extreme volatility as presale investors and new retail traders clash.
How has the token traded since its launch?
The debut on September 1 was met with a massive speculative volume, pushing over $6 billion on Binance alone in the first two days. However, after an initial price spike, heavy selling pressure from presale…
The post Here’s How the Trump-Linked WLFI is Trying to Stop its Post-Launch Price Crash appeared first on Coin Edition.
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Here’s How the Trump-Linked WLFI is Trying to Stop its Post-Launch Price Crash
- After a volatile launch, the Trump-linked WLFI project has burned 47 million tokens worth $11.34M
- The burn is a “supply squeeze” designed to counter heavy selling pressure from presale investors
- The token’s debut generated $6B in volume on Binance and a peak market cap near $10 billion
The team behind the Trump-linked World Liberty Financial (WLFI) is already stepping in to defend its token price, just two days after a chaotic and high-volume launch.
With the token down significantly from its peak, the project executed its first token burn, pulling 47 million WLFI worth over $11 million out of circulation to support the market. This is according to on-chain data from blockchain tracker EmberCN.
What’s the Real Story Behind the WLFI Price Action?
The WLFI launch was one of the biggest of the year, but the price chart tells a story of extreme volatility as presale investors and new retail traders clash.
How has the token traded since its launch?
The debut on September 1 was met with a massive speculative volume, pushing over $6 billion on Binance alone in the first two days. However, after an initial price spike, heavy selling pressure from presale…
The post Here’s How the Trump-Linked WLFI is Trying to Stop its Post-Launch Price Crash appeared first on Coin Edition.
Read More
Bitcoin Price Prediction: BTC Rebounds To $113K As Analysts Eye Nasdaq Correlation