5.9 billion secretly dumped?...Trump-linked project 'WLFI' plunges to all-time low

▲ WLFI/ChatGPT generated image

As the price of World Liberty Financial (WLFI) plunged to an all-time low, suspicions arose that the project team secretly sold off a large volume of tokens.

According to CoinGape, a cryptocurrency specialized media outlet, on May 2 (local time), the reason behind WLFI's price drop to its lowest level ever was a token selling spree by the team.

The report states that an address associated with project insiders or the team sold approximately 5.9 billion WLFI tokens to the market. This volume was reportedly processed in a structure inaccessible to early investors.

Such a large-scale sale is directly cited as a factor that intensified downward price pressure. In particular, the release of internal holdings into the market without sufficient public disclosure is evaluated as significantly damaging investor confidence.

WLFI is known as a DeFi project linked to the Trump family, and concerns about the project's token structure and distribution methods have been consistently raised in the market.

This incident is an example where internal supply management and information asymmetry issues were revealed simultaneously, directly impacting the project's credibility.

*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.*