WLFI Token Plunges after Rapid Growth, New Proposal Aims to Stabilize

Just one day after its Labor Day launch, the WLFI token experienced a significant price drop, despite an impressive surge in trading volume. The governance token fell from $0.33 to $0.21 before stabilizing around $0.245 according to CoinGecko data. This decline has sparked discussions regarding the viability of a new proposal that aims to address market volatility and increase long-term stability for the token.