The launch of the World Liberty Financial platform\u2019s native token, WLFI, was anticipated as a significant event in the cryptocurrency market, especially with backing from the Trump family.\u00a0<\/p>\n
However, just a day after its debut, the token\u2019s price plummeted, sparking intense speculation regarding its major investors, particularly Justin Sun, the founder of the Tron blockchain.<\/p>\n
Market expert Quinten Francois provided insights <\/a>into the WLFI launch, which initially priced at $0.20, reaching a market capitalization of $1 billion. Despite the excitement surrounding the launch, which generated billions in trading volume, the token\u2019s value continued to decline.\u00a0<\/p>\n Interestingly, this downturn occurred even as the community seemed to hold onto their tokens rather than sell them. Francois speculated that exchanges might have offloaded part of their holdings, estimated at 2.8%.<\/p>\n Allegations have surfaced that Justin Sun engaged in dubious tactics by channeling WLFI through his exchange, HTX<\/a>. He reportedly offered users a 20% annual percentage yield (APY) for depositing WLFI, allowing him to offload a significant portion of his own holdings under the guise of user staking.\u00a0<\/p>\n Allegations suggest that this maneuver not only enabled him to profit from the situation but also that he intended to cover any withdrawals or sell-offs with his own tokens, further complicating retail investors\u2019 returns.<\/p>\n As Bitcoinist reported <\/a>on Thursday, Sun\u2019s alleged manipulation led to the freezing of his wallet address. As a result, there is growing concern among experts that WLFI could ultimately face a trajectory toward zero.<\/p>\nCould The WLFI Price Plummet To Zero?<\/h2>\n