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WLFI Gains-a-Lago đź’°
World Liberty Financial, the Trump-backed DeFi project, is still sporting double-digit gains as a high-profile gathering at President Donald Trump's Florida home begins.
📝 What you need to know
World Liberty Financial, or WLFI, is still sporting a double-digit pump the same day as the “World Liberty Forum” got underway at President Donald Trump’s Florida home.
But experts told Decrypt they were skeptical whether the move signals genuine momentum or a short squeeze fueled by whale activity.
Connor Howe, CEO and co-founder of Layer 1 network Enso, attributed the surge to technical factors rather than organic demand. "One whale dropped 2.75 million USDC in a single buy, a team-linked wallet received 10 million from Coinbase, and a bunch of short sellers got caught on the wrong side of the trade," Howe told Decrypt.
đź“° In the News
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