WLFI in Crisis: Expert Warns Price May Crash to Zero as Panic Selling Looms

The WLFI launch debuted with high expectations, trading at $0.20 and reaching a $1 billion market cap. But its rapid decline—amid accusations of manipulation via Justin Sun’s exchange HTX and his offering of 20% APY to deposit WLFI—has triggered deep unease in the community. Sun denies any wrongdoing, claiming his activity was limited to test transfers and not market sales.

 With Sun’s wallet now blacklisted—blocking hundreds of millions in WLFI tokens—the platform appears to have cut off one of its most significant supporters, further unsettling investors. Without his continued backing or momentum from high-profile advocates like the Trump family, WLFI faces heightened risks of panic selling.

Why This Matters for Coinccino Readers

1. Gravity of Lost Trust — If investors suspect lack of support from founders or early backers, confidence can vanish fast.
2. Governance Under Fire — Freezing Justin Sun's address calls into question WLFI's governance integrity and centralized control.
3. Ripple Effects in Altcoin Markets — Tokens relying on hype and prominent backers are especially vulnerable to sharp downturns without fundamental support.