Eric Trump has stepped down from the board of ALT5 Sigma, a newly established World Liberty Financial Treasury company. As reported by Forbes on Tuesday, the decision has led to a 7% decline in the WLFI price, causing it to fall below the crucial $0.20 threshold. Confusion Surrounds Eric Trump’s Exit From ALT5 Sigma The announcement of Trump’s departure was made through a Securities and Exchange Commission (SEC) filing, which revealed that the change came just weeks after ALT5 Sigma had initially appointed him as a director. Related Reading: This Week In Crypto: What Investors Need To Know And Why It Matters According to the report, the decision to remove Trump was made in consultation with The Nasdaq Stock Market LLC to ensure compliance with its listing rules. However, the specific regulations that prompted this action were not disclosed in the filing. Interestingly, three securities law professors consulted by Forbes were unable to identify a clear reason why Nasdaq would accept one appointee from the company while rejecting another. Nasdaq requires that a majority of board members at listed companies be independent, and if Eric Trump did not meet these criteria, it raises further questions about why Zachary Folkman, his replacement, would qualify. WLFI Price Sinks To $0.19 Just weeks prior, Eric Trump, alongside his brother Donald Trump Jr. and executives from World Liberty Financial, participated in a ceremonial ringing of the Nasdaq opening bell. This event coincided with ALT5 Sigma’s announcement of a significant fundraising effort, aiming to raise $1.5 billion through private share sales to acquire WLFI tokens, the native cryptocurrency issued by World Liberty Financial. Despite the formal announcement made to the SEC, it is noteworthy that ALT5 Sigma’s website still lists Eric Trump as a board director on its leadership and investor relations pages. Related Reading: Solana Power Play: Galaxy, Jump Crypto, Multicoin Behind New $1.6 Billion Treasury Strategy Following the filing, the WLFI price dropped to $0.1961, further exacerbating its negative performance over the last 24 hours and seven days, with a 14% decline over the latter period. According to CoinGecko data, the WLFI price is currently trading 39% below its all-time high (ATH) of $0.33, which was reached on September 1st—the day the token debuted on major exchanges after months of anticipation. Featured image from Politico, chart from TradingView.com
The launch of the World Liberty Financial platform’s native token, WLFI, was anticipated as a significant event in the cryptocurrency market, especially with backing from the Trump family. However, just a day after its debut, the token’s price plummeted, sparking intense speculation regarding its major investors, particularly Justin Sun, the founder of the Tron blockchain. Alleged Manipulation By Justin Sun Market expert Quinten Francois provided insights into the WLFI launch, which initially priced at $0.20, reaching a market capitalization of $1 billion. Despite the excitement surrounding the launch, which generated billions in trading volume, the token’s value continued to decline. Interestingly, this downturn occurred even as the community seemed to hold onto their tokens rather than sell them. Francois speculated that exchanges might have offloaded part of their holdings, estimated at 2.8%. Related Reading: Analyst Predicts The XRP Price If 10% Of Global Assets Are Tokenized Allegations have surfaced that Justin Sun engaged in dubious tactics by channeling WLFI through his exchange, HTX. He reportedly offered users a 20% annual percentage yield (APY) for depositing WLFI, allowing him to offload a significant portion of his own holdings under the guise of user staking. Allegations suggest that this maneuver not only enabled him to profit from the situation but also that he intended to cover any withdrawals or sell-offs with his own tokens, further complicating retail investors’ returns. As Bitcoinist reported on Thursday, Sun’s alleged manipulation led to the freezing of his wallet address. As a result, there is growing concern among experts that WLFI could ultimately face a trajectory toward zero. Could The WLFI Price Plummet To Zero? In a recent social media post, user OxPunisher outlined the patterns of manipulation associated with Sun, referencing his history of questionable trades between 2018 and 2020, which reportedly resulted in $31 million in illicit profits. This ongoing saga continued into 2024, when Sun withdrew $732 million worth of Bitcoin from USDD collateral, and in late 2024, he invested $30 million into WLFI just as the SEC paused his case, further raising alarms among investors. Related Reading: First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price? The narrative surrounding WLFI appears precarious at best. The expert asserts that without Justin Sun’s liquidity strategies the token’s value could collapse. Moreover, without the backing of high-profile figures like President Donald Trump, the narrative that initially attracted investors may lose its momentum entirely. This situation has led OxPunisher to believe that this situation can result in panic selling and a shift toward safer investment options by the platform’s investors, which could further increase the WLFI’s sell-off and downtrend seen in the past few days. Featured image from DALL-E, chart from TradingView.com
The recent debut of the World Liberty Financial token (WLFI) in the cryptocurrency market has generated considerable buzz, despite facing notable price retracements within just 24 hours of trading. Despite WLFI’s 25% price retrace in the 24-hour time frame, one market analyst believes that the cryptocurrency has the potential to emerge as this year’s “cult coin,” with significant price potential for the remainder of the bull cycle. Could WLFI Soar 330% In 2025? In a detailed post on X (formerly Twitter), analyst Virtual Bacon drew comparisons to previously called cult coins, such as XRP in 2017 and Dogecoin (DOGE) in 2021, suggesting that WLFI could follow a similar price trajectory in 2025. Related Reading: Dogecoin Bull Run Could Start On September 13, Analyst Predicts The circulating supply of WLFI currently stands at 24.6 billion tokens, with approximately 6.9% actively tradable. A key point raised by Bacon is the transparent unlock schedule for various stakeholder tokens. While 20% of the supply is designated for public sale investors and 2.8% is allocated for liquidity and exchanges, the team and investor tokens remain locked. This contrasts with the circumstances surrounding other tokens which experienced a dramatic crash due to a high fully diluted valuation (FDV) and a limited float. Bacon argues that WLFI’s model is healthier, featuring a fair distribution of liquidity across exchanges and gradual unlocks that mitigate the risks associated with sudden price drops. Notably, the analyst’s price target for WLFI is set at $1, which he believes would bring the token’s fully diluted valuation to $100 billion and its market cap to $24.6 billion. As of this writing, the cryptocurrency is trading at $0.23. That potential scenario could mean a 330% price increase. That could also propel the token toward 11th place among the top cryptocurrencies, positioning it alongside Chainlink (LINK) and Cardano (ADA). Catalysts That Could Drive Token Growth And Market Surge Virtual Bacon also addressed comparisons to the TRUMP memecoin launched earlier this year, acknowledging that while WLFI may eventually face an 80% drop like many altcoins, it is fundamentally different. Unlike TRUMP, which experienced a rapid ascent beyond $70 before entering a major downtrend, the analyst notes that WLFI boasts “real integrations,” ties to US Treasuries, and institutional backing. Related Reading: Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead? Virtual Bacon identified key catalysts that could drive WLFI’s growth. These include the development of a retail app for and payment solutions, a lending and borrowing platform, and the anticipation of a social media post from President Donald Trump regarding WLFI, which could significantly boost its visibility and market activity. The analyst also mentioned that interest in the recently launched cryptocurrency has outperformed that of major altcoins, such as Ethereum (ETH) and Solana (SOL), which he believes indicates a potential cult following that could drive liquidity. Ultimately, Virtual Bacon argues that WLFI’s fair tokenomics, transparent supply structure, strong institutional support, and growing retail momentum position it favorably for the future and strong performance in the upcoming months. Featured image from DALL-E, chart from TradingView.com
World Liberty Financial, a decentralized finance (DeFi) platform supported by President Donald Trump, has officially launched its native token WLFI. Although the debut of WLFI marks a significant step for the Trump family, its initial performance has been lackluster compared to the anticipation it garnered in recent weeks. WLFI Token Faces 12% Decline According to CoinGecko data, the WLFI price had already seen losses of up to 12% by the time of writing. It is attempting to consolidate at the $0.24 mark, which could be the cryptocurrency’s first support line for the rest of the week. Upon launch, WLFI reached a high of $0.33 and a low of $0.23 earlier on Monday’s trading session. This represents a nearly 25% gap from the current trading levels and the recently established all-time high for the World Liberty Financial token. Related Reading: XLM Battles $0.45 Resistance Again: Is This the Breakout That Finally Sparks a Run to $1? Donald Trump Jr., the eldest son of President Donald Trump, took to social media platform X to defend the token’s legitimacy, stating, “This isn’t some memecoin; it’s the governance backbone of a real ecosystem changing how money moves. Freedom + finance + America FIRST.” World Liberty Financial was established last October, with Donald Trump serving as “co-founder emeritus” alongside his three sons. The company initially created 100 billion WLFI tokens, of which about a quarter were sold for a face value of $550 million. However, these tokens were not initially tradeable and could only be used for voting on corporate matters within the company. A vote last month permitted the tokens to be traded, allowing for a nominal total market value of around $6.4 billion based on the current price. In the initial trading phase, 24.7 billion WLFI tokens are set to be available, which includes 7.8 billion tokens earmarked for a newly announced “crypto treasury” company in collaboration with ALT5 Sigma, a Nasdaq-listed fintech company. Critics Raise Conflict Of Interest Concerns Financial disclosures reveal that Donald Trump held approximately 15.75 billion WLFI tokens at the end of last year, which, at the current trading price, would be valued approximately $3.6 billion. However, the Trump family’s involvement in the sector has drawn criticism among Democrats. Senator Elizabeth Warren raised concerns in an April letter, arguing that the Trump family’s financial interests in World Liberty Financial create a conflict of interest that could influence regulatory decisions in favor of cryptocurrency. Related Reading: XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming Earlier this year, the company also launched a stablecoin named USD1, pegged to the dollar, with a total nominal value of $2.7 billion. The head of crypto market maker DWF Markets, Andrei Grachev, who is also an investor in WLFI, announced plans to shift $250 million of reserves into USD1. Featured image from NBC, chart from TradingView.com
World Liberty Financial, a decentralized finance (DeFi) platform with backing from President Donald Trump and his family, is poised to launch its native token, WLFI, on September 1. Expert Predicts $1 Price Target As WLFI prepares to launch, the token will be available for trading on major platforms. Binance, the world’s largest cryptocurrency exchange by trading volume, already offers WLFI futures, which currently price the token at $0.2656, according to Binance’s futures data. The World Liberty Financial presale structure indicates that 20% of the tokens will be liquid, while the remaining 80% will be vested, providing a layered approach to distribution that could mitigate volatility in the early days of trading. Related Reading: Pundit Says Bitcoin Price Crash Is Not Over, Why A Decline Below $100,000 Is Coming Market expert Virtual Bacon recently shared an analysis on the social media platform X (formerly Twitter), setting an ambitious price target of $1 for WLFI, which translates to a projected fully diluted valuation (FDV) of $100 billion. This could potentially represent a massive 276% from current levels in the futures market if Virtual Bacon’s projections hold true. Furthermore, WLFI would skyrocket to be one of the market’s top performers above established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This prediction highlights the potential market impact of World Liberty Financial, especially in light of the hype surrounding Trump’s official memecoin, TRUMP, which peaked at a fully diluted valuation of $73 billion 24 hours after its debut. Institutional Interest Surges For World Liberty Financial In contrast to the TRUMP memecoin launched earlier this year, the expert asserts that WLFI is positioned as a legitimate financial instrument, tied to the DeFi platform’s USD1 stablecoin and to US Treasuries. The expert believes that with Trump in office, the World Liberty Financial token carries a sense of credibility and utility that could attract institutional interest therefore boost its demand and price. The recently passed GENIUS Act for stablecoins and signed by President Trump could further increase the platform’s dollar-pegged cryptocurrency and its adoption and contribute to the platform’s overall bullish sentiment. Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line Notably, significant investments have already been made by entities such as venture capital firms DWF Labs, which contributed $25 million at a price of $0.10 per token, and Aqua One Fund, which invested $100 million at $0.125. Additionally, the Nasdaq-listed fintech company ALT5 Sigma has committed $1.5 billion at a price of $0.20 to create the token’s first crypto treasury, similar to how publicly traded companies invest in cryptocurrencies like Bitcoin. Virtual Bacon concludes by highlighting the launch of World Liberty’s official coin, coupled with institutional backing and a stablecoin aspect linked to crypto treasuries, positions WLFI as one of the most significant token events of the current financial cycle. Featured image from DALL-E, chart from TradingView.com
On Monday, ALT5 Sigma, a fintech company specializing in blockchain infrastructure, unveiled plans to establish a crypto treasury focusing on the World Liberty Financial (WLFI) project—a venture backed by the Trump family. The announcement, however, was met with a swift and negative reaction from investors, resulting in a significant drop in the company’s stock price. First Crypto Treasury Focusing On World Liberty Financial ALT5 Sigma, which trades on Nasdaq under the ticker name “ATLS”, aims to raise $1.5 billion to become the first publicly traded company to hold WLFI, the governance token associated with World Liberty Financial. In a press release dated August 11, the company disclosed that it plans to raise these funds through a registered direct offering and a private placement, which will involve selling up to 100 million shares at a price of $7.50 each. Related Reading: Analyst Says What Happened With Bitcoin Is About To Happen With XRP Notably, the private placement will be conducted using WLFI tokens, which are currently non-transferable and will be treated as an over-the-counter (OTC) transaction. In its regulatory filing with the US Securities and Exchange Commission (SEC), ALT5 Sigma stated that acquiring WLFI directly from World Liberty Financial is currently the only option, as the tokens remain locked and cannot be traded. The filing also warned that if the company fails to acquire the tokens on favorable terms or at all, it may impair its ability to execute its digital asset treasury strategy, potentially requiring a reallocation of assets within the treasury. ALT5 Sigma Shares Plunge 26% Prior to the announcement with World Liberty Financial, ALT5 Sigma’s shares had been performing well, nearing $20 in pre-market trading and more than doubling in value. However, the news of the treasury plans reversed this momentum dramatically. By the close of trading on Monday, shares had plummeted by 26.42%, settling at $6.60. As of the latest reports, ALT5’s stock continues to hover around $6, reflecting a decline of about 10% over the past week. With the treasury acquisition, Zach Witkoff, co-founder of World Liberty Financial, is set to become ALT5’s chairman. Eric Trump, another WLFI co-founder, will join the board as a director. Additionally, Zak Folkman, also a co-founder, will serve as a board observer, while Matt Morgan, CEO of Blockstreet, will take on the role of chief investment officer. Related Reading: Ethereum Retail Mood Still Bearish: Perfect Setup For ATH Break? It’s important to note that the WLFI token, designed as a non-tradeable governance token, was launched in October 2024, with a subsequent announcement of a USD1 stablecoin in March. In mid-July, World Liberty Financial holders voted to allow the token to become tradable, facilitating peer-to-peer transactions and secondary market activity. However, for now, the movement of tokens remains limited, with trade eligibility constrained to a select group of early supporters. Featured image from DALL-E, chart from TradingView.com
The Trump family’s crypto venture, World Liberty Financial, recently announced a plan to raise $1.5 billion through a partnership with ALT5 Sigma Corporation, a publicly listed company in the US. According to a report by Fortune, the funds will be utilized for the acquisition of WLFI, the native token of World Liberty Financial. ALT5 Sigma revealed that it intends to sell a combination of 200 million new and existing shares, directing the proceeds toward this purchase. Trump Family Ventures Deeper Into Crypto This initiative is part of a broader strategy by the Trump family to leverage the growing trend of utilizing publicly traded or blank-check companies to provide investors with greater access to cryptocurrencies. This approach gained traction thanks to figures like Michael Saylor, who transformed Strategy (previously MicroStrategy) into a cryptocurrency powerhouse by adding substantial amounts of Bitcoin (BTC) to its balance sheet. Related Reading: XRP Price Could Explode To $3.8 Amid Trend Continuation The landscape has since seen a surge of similar ventures. Beyond Bitcoin, various treasury companies have emerged for cryptocurrencies such as Ethereum (ETH), Sui (SUI), Binance Coin (BNB) and Ethena (ENA) each promoting their stocks as a means for traditional investors to engage with the crypto market. As part of this expansion, Zach Witkoff, the CEO of World Liberty and son of prominent businessman Steve Witkoff, will take on the role of chairman at ALT5 Sigma. Eric Trump, another son of President Donald Trump and co-founder of World Liberty, will join the board, alongside Zak Folkman, the company’s chief operating officer (COO), who will serve as a board observer. World Liberty Financial To Make Tokens Tradable This move marks the latest chapter in the Trump family’s growing involvement in cryptocurrency. In addition to World Liberty’s initiatives, Donald and Melania Trump launched their own memecoins, TRUMP and MELANIA, earlier this year. Meanwhile, Eric Trump and Donald Trump Jr. have backed World Liberty Financial and established a Bitcoin mining operation under American Bitcoin in partnership with Hut 8. Related Reading: AI Models Predict Ethereum Cycle Top At $15,000: Analyst Furthermore, Trump Media and Technology Group (TMTG), which oversees the social media platform Truth Social, has shifted its focus toward crypto investments, recently adding $2 billion worth of Bitcoin to its balance sheet. Additionally, the holders of the WLFI token have voted overwhelmingly in favor of making their tokens tradable, a decision that could significantly influence their market value and the financial interests of the Trump family. The proposal to initiate tradability garnered an impressive 99.94% approval from approximately 20,900 votes cast. WLFI Holders expressed their motivations for supporting this move, citing anticipated price increases and a desire to align their investments with their support for Trump. Featured image from DALL-E, chart from TradingView.com