WLFI Launch: Billions Wipe Out as Market Cap Plummets

The launch of WLFI caused significant ripples across the cryptocurrency market, with traders experiencing both potential gains and substantial losses within a short period. Initial market hype quickly shifted to cascading liquidations and a dramatic drop in the platform’s estimated market capitalization. 24-hour trading volume surged, fueled by high leverage offered by exchanges, leading to amplified risk for participants.