Andrew Tate has hit his WLFI position, but instead of getting away, the influencer doubled with a fresh for a long time on the Trump-stundled token.
Summary
- An Andrew Tate-linked wallet was liquidated for $ 67.5K loss on WLFI and then reopened another long position with 960k tokens.
- WLFI prize fell by 56% after the launch in the midst of Insider sales problems and whale activity.
- The WLFI team suggested using liquidity costs to buy back and burn.
After a volatile period for WLFI (WLFI) after the recent launch, trade data now point to losses for a controversial holder, Andrew Tate. According to on-chain facts From Lookonchain, a wallet related to the social media -influencer hours ago was liquidated in a long position in World Liberty Financial token, which resulted in a loss of $ 67,500.
Despite the setback, Tate, no stranger to losses, immediately opened a new long position, with 960.128 WLFI. This suggests continuous confidence in the project -related project, despite recent volatility and sales pressure.
The loss came shortly after the turbulent launch of WLFI, followed by large -scale sale, only a few hours after the trade. The Token opened at $ 0.31, briefly peaked $ 0.46 and then crashed 56.5% to around $ 0.20, according to earlier coverage of crypto.news.
Insider selling worries and WLFI -price accidents
WLFI, supported by a company linked to the Trump family, was confronted with intense control from the first day on the market. Large holders started selling shortly after the token went live, causing suspicions of insider activity.
Multiple reports on the chain revealed large portfolios that dump considerable volumes of WLFI minute on the market. The pattern reflected various previous controversial token, in which early donors discharge tokens to the interest of the retail trade.
In response to the negative sentiment, the World Liberty Financial Team has proposed a new measure aimed at supporting the value of token. The plan includes the reduction of all liquidity costs for protocol to the purchase and permanent burning of WLFI tokens.
According to the proposal, the program “Tokens from the circulation of the participants who are not dedicated to WLFI’s long -term growth and direction will remove, which increases the relative weight for dedicated holders in the long term.”
If implemented, the proposal would assign 100% of WLFI liquidity costs to buy back and permanently burning tokens. With a fixed total stock of 100 billion, the burn mechanism would make WLFI deflationary, which gradually reduces the circulating supply over time and helps to stabilize the price of WLFI.
For now it remains unclear how quickly the community or protocol would act on the proposal.
