Trump-Backed WLFI Token Suffers as Profit Booking Impacts Market

WLFI, the cryptocurrency token backed by former President Donald Trump, has seen a significant decline in value amidst a broader market downturn. This comes after Jump Crypto, a major holder of the token, began booking profits, influencing the token’s volatility. The presale for WLFI raised $550 million, highlighting strong investor interest. Despite this initial success, the recent drop has attracted attention from both cryptocurrency and financial circles.