WLFI Risks 20% Drop As World Liberty Financial Faces Insider Allegations
Summary
World Liberty Financial's WLFI token is currently exhibiting a "bear flag" technical pattern, suggesting a potential 20% price decline to $0.066 by April. Beyond technical indicators, the project faces significant fundamental pressure, including allegations of "circular" liquidity extraction through the use of internal tokens as collateral. Additionally, concerns over upcoming token unlocks and accusations from Tron founder Justin Sun regarding a hidden backdoor blacklisting function in the smart contract have further eroded market sentiment and raised questions about the project's commitment to decentralization.
(Source:Cointelegraph)