World Liberty Financial has burned 47 million WLFI tokens in an attempt to boost the cryptocurrency’s price after it declined over 31% from its opening high following Monday’s public trading debut.
The Trump family’s stake in World Liberty Financial has reached approximately $5 billion in value as their WLFI token begins public trading, raising ongoing concerns about potential conflicts of interest during Trump’s presidency.
Eric Trump announced that the TRUMP meme coin project has cancelled its planned crypto wallet launch after receiving a cease and desist letter from World Liberty Financial. The dispute has been resolved with World Liberty Financial planning to invest in the TRUMP token for its treasury.
