WLFI (World Liberty Financial) rose 3.04% in the last 24 hours.

Gate News Bot news, on November 5th, according to CoinMarketCap data, as of the time of writing, WLFI (World Liberty Financial) is currently priced at $0.12, with a 3.04% rise in the last 24 hours, reaching a high of $0.16 and a low of $0.11. The 24-hour volume has reached $330 million. The current market capitalization is approximately $2.941 billion, an increase of $86.67 million compared to yesterday.

World Liberty Financial is a platform aimed at connecting traditional finance and the open economy through specially designed on-chain products. WLFI is the governance token of the platform, allowing holders to guide the future development of the platform through proposals, reviews, and voting. The platform offers various products, including the upgraded dollar stablecoin USD1, the WLFI App, and lending services. WLFI is currently traded on multiple blockchain networks and offers cross-chain bridging functionality.

Important news about WLFI recently:

1️⃣ The strength of the executive team has increased World Liberty Financial recently announced the appointment of Mack McCain as General Counsel. McCain previously served as Chief of Staff and Deputy General Counsel for Regulatory Affairs at Robinhood, bringing extensive experience in fintech law. This personnel change is expected to enhance WLFI's strength in regulatory compliance, providing legal support for future business expansion and potentially having a positive impact on investor confidence.

2️⃣ Large-scale token burn On October 28, World Liberty Fi burned 175 million WLFI, worth approximately $26.72 million. This move aims to reduce the circulating supply and enhance the token's scarcity. Although this action did not immediately stop the decline in WLFI's price in the short term, it may provide support for a recent price rebound.

3️⃣ Expansion of USD1 Stablecoin Business World Liberty Financial issued an additional 300 million USD1 stablecoins on October 25. This indicates that the project is expanding its stablecoin business scale, laying the foundation for ecosystem development. However, large-scale issuance may also raise market concerns about inflationary pressures, necessitating close attention to its long-term impact on WLFI prices.

On the technical front, the WLFI price has recently fluctuated between $0.11 and $0.16, indicating that there is still uncertainty in the market regarding the project's prospects. However, the latest 24-hour rise of 3.04% may suggest that investor confidence is gradually recovering, and the proactive measures taken by the project may be beginning to take effect.

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