Trump Family-Linked Crypto Token World Liberty Financial Tumbles Over 15% At Debut
The Trump family’s cryptocurrency token, World Liberty Financial, stumbled on its first day of trading, erasing early gains and showing the immediate losses faced by investors.
WLFI, the governance token of the decentralized finance platform launched last year, began trading above $0.30 on Monday before sliding to $0.24, according to CoinGecko. That represented a more than 15% drop from intraday peaks.
The decline left WLFI with a market capitalization just below $7b, ranking it as the 31st largest cryptocurrency in circulation. Several of the world’s biggest exchanges, including Binance, OKX and Bybit, listed the token at launch, drawing immediate attention from traders.
Early Investors Allowed To Sell Up To 20% Of Holdings
The launch…
