Markets reacted sharply today to the news that regulatory bodies have launched a comprehensive probe into World Liberty Financial (WLF), causing cascading losses across several sectors, most notably impacting assets associated with the WLFI ticker and politically themed digital currencies. WLFI, which is understood to be the primary investment vehicle tied to WLF’s venture capital wing, plummeted by over 45% in early trading before a temporary halt was imposed.
The investigation into WLF centers on allegations of undisclosed leverage, mismanaged client funds, and potential market manipulation related to recent initial coin offerings (ICOs). The panic swiftly spread to the highly volatile meme coin ecosystem.
Specifically, the so-called ‘Official Trump Meme Coin’—identified here as the MAGA-KASH token (MKSH)—experienced a devastating drop of 32%. While there is no direct corporate link between the political digital assets and World Liberty Financial, analysts suggest the rapid decline stems from a loss of confidence. Investors in politically aligned tokens often interpret broader financial scandals as signs of heightened regulatory risk, leading to large-scale liquidations, especially given the low market capitalization and high volatility inherent in these assets.
WLFI losses alone account for an estimated $700 million evaporation of market value in the last 24 hours. Regulators have stated the probe is ongoing and have advised investors to exercise extreme caution regarding any digital assets directly or indirectly promoted by World Liberty Financial entities.
Source: Official Trump Meme Coin, WLFI Lead Losses Following World Liberty Financial Probe
コメント