World Liberty Financial Token Plummets Amidst Burn Proposal

World Liberty Financial’s newly launched governance token experienced a dramatic downturn during its trading debut, falling nearly 34% within hours of launch on Monday. This decline follows the community vote to consider a proposal for burning tokens using protocol fees. The WLFI token opened at $0.32 before dropping to $0.21, showcasing intense volatility in the market. Despite this initial price drop, early investors who purchased tokens at $0.015 during the presale remain profitable.