World Liberty Financial’s WLFI, a Donald Trump–linked token, has plunged nearly 10% over the past 24 hours, fueling concerns of deeper losses ahead. 

On-chain indicators point to sustained weakness, suggesting the altcoin could face more declines in the coming sessions if demand fails to recover.

Sponsored

Sponsored

WLFI Under Pressure as Traders Exit Positions and Bet on New Lows

WLFI’s price dip in the past day has been accompanied by a decline in its futures open interest, confirming the retreat in market participation. Currently at $915.05 million, this has plunged by 4% in the past 24 hours, per Coinglass data. 

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Sponsored

Sponsored

Open interest refers to the total number of outstanding futures or options contracts that have not yet been settled. It is used to gauge market participation and capital flow into an asset. 

When an asset’s price falls alongside a drop in its futures open interest, traders are closing out their positions rather than initiating new ones. This trend reflects waning confidence in WLFI and suggests that its ongoing selloff is being driven more by investors exiting the market. 

In addition, on-chain dat

Go to Source to See Full Article
Author: Abiodun Oladokun