The WLFI token has faced a sharp decline, losing over 18.88% of its value within a year. However, some experts predict a possible recovery on the horizon.
Dramatic Decline of WLFI
The WLFI token has lost more than 18.88% of its value from its peak, with the current price around $0.186. This sharp decline has triggered a wave of sell-offs, particularly among early investors looking to cut losses. Efforts by World Liberty Financial to burn 47 million WLFI tokens have failed to calm the market, which continues to spiral downward.
Technical Indicators and Potential Turnaround
Despite the bleak market conditions, some experts believe that a price reversal could be on the horizon. According to a chart shared by Daan Crypto, WLFI is forming a symmetrical triangle, indicating a consolidation phase. On-chain activity also suggests some rebound may be possible, as while major addresses have sold 216.5 million WLFI tokens, addresses with smart money have continued accumulating, purchasing more than 102.8 million WLFI tokens.
Conflicts of Interest and Market Concerns
Concerns are exacerbated by reports of hacks on the token and the close ties to former President Trump's family, which holds a locked 25% stake. The Trump organization continues to hold assets worth $5 billion on paper, despite the ongoing market crash.
While there are signs of a potential recovery for WLFI, analysts warn that the turnaround may take time, and a full recovery may still be a distant prospect.
