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WLFI Token Volatility Sparks Concerns Amid Trump Affiliation
WLFI Token Volatility Sparks Concerns Amid Trump Affiliation
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BTCCSquare news:
The WLFI token, backed by former President Donald Trump, debuted at $0.33 before plummeting nearly 50% to $0.23. A recent burn of 47 million tokens aims to curb supply and stabilize prices, but skepticism lingers.
Market watchers are eyeing the $0.23 support level. A hold could signal a rebound toward $0.30, while a breakdown may trigger further declines to $0.20. Roughly 25% of WLFI's supply is held in Trump-linked wallets, raising manipulation fears.
Security concerns and erratic trading patterns have cast a bearish-to-neutral short-term outlook. The token's performance remains a test case for politically-adjacent cryptocurrencies.
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