Official Trump Meme Coin, WLFI Lead Losses Following World Liberty Financial Probe
Official Trump (TRUMP) and World Liberty Financial (WLFI) tokens dropped sharply in the last 24 hours, down 14.6% and 10.8% respectively, amid a broader cryptocurrency market decline. TRUMP now trades at $3.41, down 24.7% in a week, 37.7% in a month, and 95% from its January 2023 peak. WLFI fell to $0.111, losing 25.3% in a week, 34.7% in a month, and 67% from its all-time high last September. The overall crypto market cap is down 2.8% in 24 hours, at $2.37 trillion, but TRUMP and WLFI have exceeded the average declines, partly due to political and regulatory scrutiny. Representative Ro Khanna launched an investigation into alleged conflicts of interest involving World Liberty Financial, focusing on a $500 million investment from UAE royal Tahnoon bin Zayed Al Nahyan and a $2 billion investment by MGX in Binance. World Liberty Financial lists Donald Trump and Steve Witkoff as “co-founders emeritus.” Market sentiment is further impacted by macroeconomic concerns, geopolitical tensions, and significant outflows from spot Bitcoin ETFs.
