Overview
- WLFI fell to about $0.179 on Sept. 4, down more than 55% from its $0.46 intraday peak, erasing over $3 billion in market value with the market cap dipping below roughly $4.5 billion at lows.
- World Liberty Financial executed a 47 million‑token burn worth about $11 million—approximately 0.19% of circulating supply—and floated buyback‑and‑burn proposals, but the moves failed to halt the decline.
- The token launched with about 24.67–25 billion of a 100 billion supply unlocked, including large allocations to insiders and Alt5 Sigma, as on‑chain data showed whales sending sizable transfers to exchanges.
- WLFI listed on major venues such as Binance and Coinbase and saw more than $4 billion in first‑day trading volume, though subsequent data showed volume falling, open interest down 11%, and a long/short ratio near 0.88.
- Political scrutiny intensified as Sen. Elizabeth Warren labeled the family’s reported paper gains “corruption,” Fox Business hosts flagged conflict‑of‑interest concerns, and coverage highlighted Alt5’s WLFI‑linked board and treasury ties.