Trump Family Coin Plunges 17% in a Day… Is the Great Empire Collapsing?

▲ Justin Sun, Donald Trump, World Liberty Financial (WLFI)/AI-generated image ©

The virtual asset project strongly pushed by the family of U.S. President Donald Trump is facing its biggest crisis, plummeting nearly 20% in just one day amid various controversies and fears of a massive supply dump.

According to cryptocurrency media Watcher.Guru on April 30 (local time), based on data from virtual asset market tracker CoinGecko, the price of World Liberty Financial (WLFI) continues its endless fall, plummeting 17.7% daily, 21.5% weekly, 25% over 14 days, and 38.6% month-over-month.

The main reasons for this plunge are a series of recent serious ethical and legal controversies. Firstly, it was revealed that this project, supported by the U.S. presidential family, was involved in AB DAO (or AB Network), a Southeast Asian blockchain project linked to individuals sanctioned by the U.S. government, facing strong market criticism and demands for thorough verification.

Adding to the woes, Tron (TRX) founder Justin Sun filed a lawsuit. Justin Sun claimed that World Liberty Financial threatened to freeze his coin holdings and burn them. The company dismissed these claims as entirely baseless and false, but it is insufficient to shake off the negative labels surrounding the project.

Political pressure is also intensifying. Several U.S. policymakers are urging the inclusion of ethics-related clauses in the upcoming cryptocurrency market structure bill, the CLARITY Act. Even Republican Senator Thom Tillis declared that he would not support the bill without ethical regulations, directly targeting the transparency verification of the Trump family's virtual asset empire.

Amid these comprehensive negative factors, the overlap with a large-scale token unlock schedule has stimulated investors' sell-off sentiment. Currently, a proposal to unlock 62 billion World Liberty Financial coins has received an overwhelming 99.5% approval and is highly likely to be implemented soon. The market diagnoses that the current price plunge was driven by the exodus of investors rushing to realize profits before the massive supply is released and its value diluted.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*