#binance #hype #zec #near
05/10/25 22:59 UTC-04

WLFI token price drops following sale of treasury tokens by miner Hut8

Over the past 24 hours, the price of the WLFI token fell by 3% to $0.20, despite bullish sentiment in the cryptocurrency market. The decline came just hours after World Liberty Financial announced the sale of treasury tokens to Hut8, a company backed by the family of Donald Trump.

Recently, WLFI sold Hut8 tokens from its treasury at a price of $0.25 each.

“The locked tokens sent from WLFI’s treasury were intended solely for this sale — not for a new issuance or dilution. We value Hut8’s support as a long-term partner,” the WLFI team said.

According to the project team, Hut8 purchased WLFI tokens directly from the treasury reserves at an agreed rate of $0.25. Representatives of World Liberty Financial clarified that the tokens sold were locked reserves, not a new issuance, emphasizing that no dilution occurred.

However, the market reaction was negative: community members questioned why Hut8 would buy tokens at $0.25 when the market price is around $0.20. Others expressed concern that the “locked” reserves could be withdrawn without clearly defined unlocking terms.

Furthermore, on Saturday, WLFI trading volumes increased by 4%, despite a 3% drop in price. This indicates that active selling by existing token holders is outpacing new demand, reinforcing bearish sentiment around the deal.

See also: "Bitcoin: decline after record high, driver — ETF"

#World Liberty Financial (WLFI) #Price drop

Editor: Yuliya Soroka
Comments

Similar

10/06/26 00:09 UTC-04

Bitcoin and Gold Fall Together as a Rate-Hike Bet Hits Every Hedge

$BTC changed hands at $61,233 on Wednesday, down 3% over 24 hours and 6.9% on the week, while gold fell 2% to below $4,200 an ounce. The market is betting on higher interest rates and is punishing assets like Bitcoin and crypto that do not pay one.

07/06/26 15:46 UTC-04

Here’s Why Bitcoin’s 50% Drop Looks Minor Compared With What Some Altcoin Holders Have Endured

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.