🚨Breaking :The Trump Family’s World Liberty Financial WLFI token crashed more than 23% on Thursday, with the price trading at $0.175 at the time of writing.
The 24-hour low and high was $0.1737 and $0.2306, respectively. Also, derivatives markets showed massive selling.
At the time of writing, the total WLFI futures open interest decreased more than 18% to $758.25 million in the last 24 hours.
4-hour WLFI futures OI on Binance and Bybit tumbled more than 1.5% and 3%, respectively. This signals bearish sentiment among derivatives traders.
This has created a domino effect on American Bitcoin Corp (ABTC) stock. Traders now await macro events.
They include jobs data and the unemployment rate, for cues on potential pullbacks in the stock for a buy-the-dip opportunity.
The 24.66 billion WLFI token unlock resulted in airdrop selloffs, insider exits, and centralization risk fueled a drop in price.
World Liberty Financial’s market cap has slid from $7.7 billion to $4.35 billion in the last few days.
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