WLFI (World Liberty Financial) rose 7.17% in 24 hours

Gate News Bot news, on September 22, according to CoinMarketCap, as of the time of writing, WLFI (World Liberty Financial) is currently reported at $0.24, with a rise of 7.17% in the last 24 hours, reaching a high of $0.26 and a low of $0.21. The 24-hour volume reached $1.471 billion. The current market capitalization is approximately $5.95 billion, an increase of $398 million compared to yesterday.

World Liberty Financial is a platform dedicated to connecting traditional finance and the open economy, achieving this goal through specially designed on-chain products. The project is forming partnerships with industry leaders and designing core products for the future financial system, serving both institutions and individuals. WLFI token holders can guide the future development of the platform through proposals, reviews, and voting.

Important news about WLFI recently:

1️⃣ Advisor reopens long position WLFI consultant Ogle recently reopened a long position on ASTER with a leverage of 3 times. Previously, Ogle made a profit of $746,703 in just 15 hours and 40 minutes. This operation may reflect the optimistic expectations of some market participants regarding the short-term trend of WLFI, which helps boost investor confidence.

2️⃣ Large Token Transfers Attract Attention Two addresses will transfer a total of 644.3 billion WLFI (valued at approximately $14.19 million) to the exchange. These addresses received the tokens from the WLFI strategic reserve wallet on September 1 and made their first move after holding them for 20 days. Such a large scale of fund movement may impact market liquidity and short-term prices, and investors should closely monitor subsequent developments.

3️⃣ The proposal for fee buyback and burn has been approved The WLFI community has overwhelmingly passed an important proposal with a support rate of 99.84%, which allocates all the transaction fees generated from the protocol's own liquidity to the market buyback of WLFI tokens and their permanent destruction. This decision is expected to reduce the supply of tokens in the market, potentially enhancing the scarcity and value of WLFI.

On the technical front, although the WLFI price has shown a significant rebound, it remains in a state of high volatility. Investors need to closely monitor the potential market impact of large capital flows, as well as the progress of the fee buyback and burn mechanism. These factors may continue to influence the short-term price trend and long-term value of WLFI.

This message is not intended as investment advice, and investors should be aware of market volatility risks.