World Liberty Financial (WLFI) has seen its price drop by 20% to $0.18, making it the largest decliner among major cryptocurrencies. This decline is part of a broader post-launch crash, with WLFI falling 45% from its peak. Efforts to stabilize the token, including burning 47 million WLFI, had minimal impact, affecting only 0.19% of the circulating supply. Additionally, the token's open interest decreased by 15%, reflecting waning investor confidence.
In contrast, American Bitcoin (ABTC), another Trump-linked project, launched on Nasdaq, increasing the Trump family's wealth by $1.5 billion. Despite the bearish trend for WLFI, opinions remain divided, with Senator Elizabeth Warren criticizing the venture, while analyst Scott Melker remains optimistic about its future. The developments underscore the volatility associated with Trump-related cryptocurrencies.
World Liberty Financial Drops 20% Amid Trump-Linked Coin Volatility
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