The cryptocurrency market welcomed a new event today as the World Liberty Financial (WLFI) project, supported by former U.S. President Donald Trump, officially launched.
WLFI's Debut on Exchanges
According to CoinMarketCap, WLFI surged to a record high of $0.46 at launch, but sharp selling from presale investors quickly pulled the price down to $0.26. Nevertheless, WLFI maintains a market capitalization of $6.31 billion, ranking it 24th among cryptocurrencies by market cap.
Presale Investor Data
Fresh data from Lookonchain shows significant deposit activity from presale participants. For example, large holder 0xC3e7 claimed 60 million WLFI worth $19.2 million and deposited it directly to Binance. Other notable claims include 53.33 million WLFI valued at $17.1 million by 0x7ed4 and 46.67 million WLFI worth $14.9 million by 0x3881.
What’s Next for WLFI?
The current price action of WLFI shows signs of an ascending broadening wedge pattern, typically considered bearish. With potential downside movement indicated on the chart toward $0.2641, if WLFI fails to remain above the support line, it could confirm further declines, targeting around $0.086.
The situation around World Liberty Financial remains uncertain, with a potential for both further sell-offs or a price recovery depending on market participant behavior and volatility.
