Trump-Backed WLFI Crypto Token Stumbles Post-Launch Amid Market Volatility

The highly anticipated WLFI token, a cryptocurrency venture by Trump Inc., is grappling with significant market turbulence just days after its launch. Rolled out earlier this week with aspirations of powering a new digital ecosystem, the token quickly succumbed to the volatility characteristic of the crypto market.

Promoted by Donald Trump’s family and recently listed on major exchanges like Binance and Coinbase, the WLFI token is currently trading approximately 25% below its initial launch price. Its market capitalization stands at an estimated $5.4 billion. This early stumble is largely attributed to a belated disclosure revealing a circulation of nearly 25 billion WLFI coins, a figure considerably higher than initial investor expectations, which has significantly undermined confidence in the new digital asset.

阅读中文版 (Read Chinese Version)

Disclaimer: This content is aggregated from public sources online. Please verify information independently. If you believe your rights have been infringed, contact us for removal.