Trump-backed WLFI token plummets to record lows

The World Liberty Financial (WLFI) token, associated with former President Trump, has experienced a significant 12% drop, reaching all-time lows. This decline follows a defense by the WLFI team regarding their substantial multi-million dollar lending position. In response to market concerns, the team stated they would "simply supply more collateral" if market conditions turned unfavorable. However, this assurance failed to calm investors, leading to further sell-offs and a loss of confidence in the token's stability and the management's strategy.