😮 #WLFI Announces a buyback to boost the market! World Liberty Financial officially launches $WLFI
token buybacks, funded by the initial pool. It may also use fees generated by its own stablecoin reserves. The goal is to encourage everyone to participate in governance and strengthen the voting power of long-term holders.
However, negative pressures are mounting. With Democrats taking both chambers of Congress and regulatory scrutiny tightening, senators have sent a letter demanding that WLFI submit information. Failure to cooperate could result in subpoenas and further accountability. The token plunged, hitting a new low of $0.0435 at one point. Although it rebounded slightly to $0.046, the trend remains weak📉.
As for the indicators, OBV continues to decline and RSI has entered oversold territory. If selling pressure persists, it could easily hit new lows again. It remains to be seen whether the buyback can withstand the panic sparked by this regulatory pressure.
token buybacks, funded by the initial pool. It may also use fees generated by its own stablecoin reserves. The goal is to encourage everyone to participate in governance and strengthen the voting power of long-term holders.
However, negative pressures are mounting. With Democrats taking both chambers of Congress and regulatory scrutiny tightening, senators have sent a letter demanding that WLFI submit information. Failure to cooperate could result in subpoenas and further accountability. The token plunged, hitting a new low of $0.0435 at one point. Although it rebounded slightly to $0.046, the trend remains weak📉.
As for the indicators, OBV continues to decline and RSI has entered oversold territory. If selling pressure persists, it could easily hit new lows again. It remains to be seen whether the buyback can withstand the panic sparked by this regulatory pressure.
