WLFI Price Slumps Amid Regulatory Scrutiny While Broader Crypto Market Stabilizes
Cryptocurrency markets showed tentative signs of recovery, with bitcoin holding steady above $67,000 and select altcoins posting relief rallies. The fragile rebound followed aggressive selloffs triggered by liquidations across derivatives markets.
WLFI token bucked the stabilizing trend, extending losses as project-specific risks overshadowed broader market conditions. The token remains among the worst performers this week, with selling pressure persisting despite improved risk appetite elsewhere.
Political scrutiny continues to weigh on WLFI as U.S. Representative Ro Khanna confirms an investigation into $500 million of UAE-linked funding connected to the TRUMP family's crypto venture. The House Select Committee on China is examining transparency issues and potential national security implications.
