WLFI (World Liberty Financial) rises 5.74% in 24 hours

Gate News Bot news, on November 26, according to CoinMarketCap, as of the time of writing, WLFI (World Liberty Financial) is currently priced at $0.17, with a rise of 5.74% in the last 24 hours, reaching a high of $0.17 and a low of $0.12. The current market capitalization is approximately $4.469 billion, an increase of $243 million from yesterday, ranking 25th in market capitalization.

World Liberty Financial is a platform dedicated to connecting traditional finance with decentralized finance, providing blockchain-based financial products and services. Its main products include the USD stablecoin USD1, the cryptocurrency wallet WLFI App, and lending services. The WLFI token is the governance token of the platform, allowing holders to participate in proposals, reviews, and voting, collectively determining the future development direction of the platform.

WLFI recent important news:

1️⃣ Announce investment in Solana ecosystem Meme coin SPSC WLFI officially announced on November 25 that it is buying the Solana ecosystem meme coin SPSC. This decision triggered a strong market response, with the price of SPSC token rising significantly in a short period, achieving a 24-hour pump of 139.8%. WLFI's move indicates that it is actively expanding its influence in the meme coin market, which may help enhance its visibility and appeal in the cryptocurrency community.

2️⃣ Large addresses continue to accumulate WLFI tokens A newly created address has accumulated 165.79 million WLFI tokens over the past 3 days, with a total value of approximately 25 million USD1. This large-scale token accumulation behavior indicates that some investors maintain confidence in the WLFI project, which may provide certain support for the token price.

3️⃣ Changes in reserves company executives raise concerns The CEO and Chief Revenue Officer of WLFI Reserve Company ALT5 Sigma have been placed on leave, as the company's board is investigating “certain matters related to the company.” There is a significant discrepancy in the timing of the disclosure of this executive change, which may violate SEC disclosure rules. This incident has raised concerns in the market about the compliance of the WLFI project, which could impact investor confidence.

On the technical front, the WLFI price has recently fluctuated between $0.12 and $0.17, showing an overall upward oscillation trend. The current price is close to the recent high, and it may face some pullback pressure in the short term. Investors should closely monitor the project's subsequent actions in the Meme coin market, as well as the developments regarding changes in the reserve company's executives, to assess their potential impact on the long-term development of WLFI.

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