WLFI (World Liberty Financial) fell 7.81% in the last 24 hours.

Gate News Bot news, on November 3rd, according to CoinMarketCap, as of the time of writing, WLFI (World Liberty Financial) is currently priced at 0.13 USD, falling 7.81% in the last 24 hours, with a highest of 0.16 USD and a lowest of 0.13 USD. The current market capitalization is approximately 3.111 billion USD.

World Liberty Financial is a project dedicated to connecting traditional finance and open economies through specially built on-chain products. WLFI is the native token of the project, and holders can guide the future development direction of the platform through proposals, reviews, and voting. The project also plans to launch several products, including the USD1 stablecoin, the WLFI mobile application, and lending services.

Recent important news about WLFI:

1️⃣ Executive team strengthened, hiring financial legal experts World Liberty Financial recently announced the appointment of Mack McCain as General Counsel. McCain has extensive legal experience in fintech, having served as Chief of Staff and Deputy General Counsel for Regulatory Affairs at Robinhood. This personnel change is expected to strengthen the WLFI project's capabilities in regulatory compliance and provide legal support for future business expansion.

2️⃣ Large-scale token burn, impact on supply On October 28, World Liberty Fi burned 175 million WLFI, worth approximately $26.72 million. This move aims to reduce the circulating supply and enhance the token's scarcity. However, in the short term, this action seems to have failed to stop the falling trend of WLFI prices.

3️⃣ New issuance of USD1 stablecoin World Liberty Financial issued an additional 300 million USD1 stablecoins on October 25. This indicates that the project is expanding its stablecoin business scale, potentially laying the foundation for the future development of the ecosystem. However, large-scale issuance may also raise market concerns about inflationary pressures.

Despite the WLFI project taking a series of positive measures, including an enhanced executive team and token burn, the price still shows a downward trend in the short term. Technically, the WLFI price is currently fluctuating between $0.13 and $0.16, indicating that there is still uncertainty in the market regarding the project's prospects. The restoration of investor confidence may require more substantial project progress and market performance.

This message is not intended as investment advice; investors should be aware of market volatility risks.