Over the past 24 hours, the price of the WLFI token has fallen 3% to $0,20, despite bullish sentiment in the cryptocurrency market. The drop occurred just hours after World Liberty Financial announced the sale of treasury tokens to Hut8, a company backed by Donald Trump’s family.
WLFI recently sold Hut8 tokens from its treasury at $0,25 per token. The locked tokens released from the WLFI treasury were intended exclusively for this sale—not for reissuance or dilution. We appreciate Hut8’s support as a long-term partner, WLFI stated.
According to the project team, Hut8 purchased WLFI tokens directly from treasury reserves at an agreed-upon rate of $0,25. Representatives of World Liberty Financial clarified that the tokens sold were «locked» reserves, not a new issue, and emphasized that no dilution occurred.
However, the market reaction was negative: community members questioned why Hut8 was buying tokens at $0,25 when the market price was around $0,20. Others expressed concern that the «locked» reserves could be withdrawn without clear terms for release.
Furthermore, WLFI trading volumes increased by 4% on Saturday, despite a 3% price decline. This indicates that active selling by existing token holders is outpacing new demand, reinforcing bearish sentiment surrounding the deal.