The WLFI Token fell in price in the first days after the listing.


When on September 1, the WLFI token, associated with the Trump family company World Liberty Financial, started trading on exchanges, its price momentarily soared to $0.4. Just a few days later, it collapsed by 58%: by September 5, its price is $0.17.

According to crypto experts, several factors influenced the unsuccessful launch: a vulnerability found in the ETH ecosystem and the blocking of the Tron creator's account. We discuss the situation in more detail.
How did the WLFI launch go

Before the listing of the crypto token, Trump actively promoted his DeFi project. World Liberty Financial positions itself not only as a blockchain platform but also as a political company that demonstrates the current US government's loyalty to modern technologies and cryptocurrency.

The Trump family even managed to personally participate in the Web3 space: investing in Dogecoin and launching a project to develop the stablecoin USD1, tied to the fiat currency USD. Against this background of such warming from WLFI, a sharp jump was expected: investors hoped for minimal volatility and perfect organization of the trading launch.
Since September 1st, failures have been coming one after another.

The first of the mistakes was the silence of the company WLF against the backdrop of discovered vulnerabilities in the ETH blockchain, which allowed hackers to gain access to investors' accounts. Thus, the first buyers faced a loss of funds. World Liberty Financial has not yet responded to user complaints.

The next problem is the technical imperfection of the WLFI website, where the first stage of the listing took place. 70 million people simultaneously accessed the portal after trading began, and its servers could not handle it: only 8,000 wallets were able to receive their tokens. The remaining users were left without cryptocurrency: many investors lost trust in Trump's project after this.

The third blow for WLFI was the currency surplus. Even before the trading began, World Liberty Financial burned 47 million tokens. This gesture was intended to show that WLF acts in the interests of the financial security of its investors, creating an artificial currency shortage to reduce its volatility. However, it turned out that the 47 million crypto tokens only make up 0.2% of WLF's total capital. In other words, the burning did not achieve its goal.

Finally, the whales, the largest investors of the token, have unlocked coins worth $483 million. Instead of the expected deficit, balance, and price growth, there has been a surplus of supply – to date, the amount of $483 million is equivalent to approximately 1.5 billion WLFI tokens freely circulating in the market.
The blocking of Justin Sun's account as the final blow to WLFI

The most significant blow to trust in WLFI was the unjustified freezing of the wallet belonging to Justin Sun, the creator of Tron and one of the main early investors in WLFI since the presale stage. The wallet was blocked on September 4: World Liberty Financial left the incident unexplained. Justin Sun himself says that he did not violate any rules and was only transferring cryptocurrency from one address to another, without entering into trading.
Conclusion
Investors continue to hope for a gradual recovery and subsequent growth of the crypto token WLFI. However, they acknowledge that after such a failed launch, Trump will have to work hard to restore trust in both his asset and the company World Liberty Financial. The current positions of WLFI hinder the quicker launch of USD1 and currently force skeptical investors to choose other, more reliable projects.
WLFI-1.63%
ETH2.44%
TRX2.57%
DEFI1.41%
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Ybaservip
· 09-08 00:23
Steadfast HODL💎
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