US President Donald Trump’s new crypto continues to face significant selling pressure.
Despite nearly a 15% rally on Thursday, World Liberty Financial’s native token, WLFI, is trading at $0.187 at press time, below the $0.2 listing price adopted by major exchanges.
As per Binance data, the WLFI price is now down by more than 60% since its local top.
Despite the significant pullback, smart money investors remain cautious about buying the dip. WLFI remains below key resistance levels, while the project is facing intense scrutiny for its tokenomics and centralization risks.
Most recently, World Liberty Financial’s developer team has received backlash for blacklisting Tron co-founder Justin Sun’s address, freezing his entire WLFI allocation.
Unsurprisingly, WLFI price prediction from experts indicates that buying during its upward trajectory is a more reliable strategy than attempting to time uncertain dips.
World Liberty Financial Faces Backlash For Blacklisting Justin Sun
The Trump family’s DeFi project is facing intense scrutiny. For starters, critics continue to claim that the US president launching crypto projects while overseeing the regulation of the industry is a massive conflict of interest.
WLFI has drawn criticism after its circulating supply turned out to be five times higher than investors expected, undermining confidence when a 25 billion-token release instead of the anticipated 5 billion flooded the market.
Now, the project’s developer team is under fire for blacklisting Justin Sun’s address, freezing $101 million worth of unlocked tokens and $452 million worth of locked tokens.
Justin Sun argued that his WLFI tokens were wrongfully frozen even though he invested transparently and on the same terms as other early backers. He maintained he did nothing improper, stressing that tokens should be sacred and inviolable, and urged the team to unlock them to uphold fairness and community trust.
Such incidents tend to create a lack of trust, which results in selling pressure in the long term.
WLFI Price Prediction: When Should Investors Buy?
The WLFI price is trading at $0.187, down by more than 60% from its top. This is despite a 15% rally on Thursday, which came after Sun’s WLFI holdings were frozen.
However, sidelined investors shouldn’t rush to FOMO buy just yet.
For instance, WLFI continues to trade below its descending trendline, meaning buyers may want to wait for a confirmed breakout above it before entering.
Prominent analyst Altcoin Sherpa claims that he won’t try and catch the knife, a phenomenon where traders buy into a rapidly falling asset in hopes of timing the bottom. Instead, he will look to invest when WLFI is in an uptrend.
However, experts are also bullish on World Liberty Financial in the long term, anticipating anywhere between $1 and $10 in the coming months.
Bitcoin Hyper Tipped As The Next 100x Crypto
While WLFI might not be a viable investment, smart money investors continue to invest in high-upside altcoins for the 4th quarter bull run.
For instance, Bitcoin Hyper (HYPER) is quickly gaining attention as one of the most promising new cryptocurrencies on the market, having already raised nearly $14 million.
Leveraging the cutting-edge Solana Virtual Machine and zero-knowledge technology, this new layer-2 project aims to bring the performance, programmability and scalability of modern blockchains to Bitcoin.
The project aims to play a key role in onboarding payment solutions, DeFi and even memes onto the Bitcoin blockchain.
Unsurprisingly, smart money investors are highly bullish on HYPER, especially as many are now viewing it as a beta bet on BTC. After all, the top layer-2 coins tend to reach multibillion-dollar valuations.
It is not without reason that whales continue to make six-figure investments into Bitcoin Hyper. Many are even calling it the next 100x crypto.
Visit Bitcoin Hyper Presale
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