WLFI (World Liberty Financial) fell 3.94% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap data, WLFI (World Liberty Financial) is currently priced at $0.14, falling by 3.94% in the last 24 hours, reaching a high of $0.16 and a low of $0.12. The current market capitalization is approximately $3.46 billion, a decrease of about $142 million from yesterday.

WLFI recent important news:

1️⃣ Massive Token Burn, Worth $26.72 Million World Liberty Fi destroyed 175 million WLFI at midnight on October 28, worth approximately $26.72 million. This action may aim to reduce the circulating supply and enhance token scarcity, but it has not succeeded in stopping the price fall in the short term.

2️⃣ Project advisors increase their holdings of relevant tokens WLFI advisor Ogle purchased 4.87 million VALOR for $10,000 and added it to the Meteora (VALOR-USD1) liquidity pool. This move may indicate confidence within the project regarding the ecosystem, but its impact on WLFI's price is limited.

3️⃣ New minting of USD1 stablecoin World Liberty Financial issued an additional 300 million USD1 stablecoins on October 25. This may indicate that the project is expanding its stablecoin business, but it may also raise market concerns about inflationary pressures.

The recent price fall of WLFI may be related to changes in overall market sentiment. Despite positive actions such as token burns, investor confidence does not seem to have fully recovered. On the technical side, WLFI's price is currently fluctuating between $0.12 and $0.16, and it may continue to seek direction in the short term.

This message is not an investment advice; investors should be aware of the risks of market volatility.