"Did a Token Burn Event Lead to a New Record Low for WLFI Tokens? Is This a Scam or Genuine?"

The World Liberty Financial (WLFI) token, co-founded by Eric Trump and Donald Trump Jr., has seen a steep decline in its price, reaching a new all-time low of $0.179. This drop has caused the token's market cap to fall below $4.5 billion, significantly lower than its all-time high of roughly $8 billion.

The WLFI token was launched on September 1 with an initial circulating supply of 25 billion. However, the token's price recorded a massive plunge early on September 4, marking the start of its downward trend. As of now, the token is over 60% away from its top price of $0.46.

The WLFI tokens were sold primarily through a transaction involving ALT5 Sigma, a publicly listed partner closely associated with the Trump family. This partner acquired about 7.5% of the total WLFI token supply by paying partly with WLFI tokens in a private placement and direct offering scheduled to complete by mid-August 2025.

The token is currently listed on top crypto exchanges such as Binance, Bybit, Coinbase, and Bitget. Justin Sun's HTX Exchange has announced a 20% yield earning for WLFI, causing a 9% price jump. However, the token's price has since returned to its downward trajectory.

The WLFI project is not a Decentralized Autonomous Organization (DAO), and multisig control rests with the company. The WLFI team burned 47 million tokens on September 3, a move aimed at reducing the circulating supply and potentially stabilizing the token's price.

Despite these efforts, many influencers and investors are expressing concerns of a potential rug pull in the WLFI project. There is no hard evidence to call WLFI a rug pull project, but concerns around centralization and insider activity persist.

It is important to note that the article aims to deliver accurate and timely information about the WLFI project but does not offer financial or investment advice. Market conditions can change rapidly, and readers are encouraged to verify information and consult with a professional before making decisions based on the content.

One example of the losses experienced by traders is an address that bought 7.4 million WLFI for $2 million. As of now, this address is experiencing a loss of $650,000. Such losses highlight the risks associated with investing in cryptocurrencies, especially those experiencing significant fluctuations in price.

WLFI holders vote on certain protocol matters according to the official "Gold Paper". The future of the WLFI project remains uncertain, and it is crucial for investors to stay informed and make decisions based on their own research and advice from financial professionals.