WLFI Token in Freefall: Experts Point to Alleged Manipulation Amid Plummeting Price

The much-anticipated launch of World Liberty Financial's (WLFI) native token, initially buoyed by associations with the Trump family, quickly soured as its price plummeted just a day after its debut. This sudden collapse has ignited intense speculation and raised serious concerns among investors and market watchers, particularly regarding the involvement of prominent crypto figure Justin Sun.

Allegations of Market Manipulation Surface

Market expert Quinten Francois has shed light on the WLFI token's turbulent entry, noting its initial price of $0.20 and a rapid climb to a $1 billion market capitalization. Despite the initial buzz and billions in trading volume, the token's value steadily declined. Allegations now suggest that Justin Sun, founder of the Tron blockchain, may have engaged in dubious tactics. It is reported that Sun offered users a 20% Annual Percentage Yield (APY) for depositing WLFI on his exchange, HTX. This strategy is seen by critics as a way for Sun to offload his own substantial WLFI holdings under the guise of user staking, thereby manipulating the token's price.

A History of Controversy and a Bleak Outlook for WLFI

Further compounding investor anxiety are Justin Sun's past controversies. Reports from 2018 to 2020 link him to questionable trading practices that allegedly yielded $31 million in illicit profits. More recently, in 2024, Sun withdrew $732 million worth of Bitcoin from USDD collateral, and subsequently invested $30 million into WLFI just as the SEC paused his case. These actions paint a concerning picture, leading many experts, including OxPunisher on social media, to draw parallels between Sun's historical maneuvers and the current situation. The prevailing sentiment is that without Sun's continued "liquidity strategies," the WLFI token's value could collapse to zero, triggering widespread panic selling and a flight to safer investment options.