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The World Liberty Financial price plummeted more than 81% in the last 24 hours to trade at $0.000000000001631 as of 4:55 a.m. EST as investors dump their holdings in the token.
WLFI is one of the many tokens that is looking to capitalize on the upcoming launch of Donald Trump’s decentralized finance (DeFi) platform.
While the platform’s developers have not yet announced the deployment of the project’s native token, several cryptos claiming to be associated with Trump’s platform have entered the market.
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The sharp correction in the WLFI price follows a recent assassination attempt on the former president while he was playing golf. Gunshots were reportedly heard in Trump’s vicinity. A spokesperson from his presidential campaign has said that he is safe following the incident.
The World Liberty Financial Price Loses Multiple Support Levels
1-hour chart for WLFI/USD (Source: GeckoTerminal)
The World Liberty Financial price dropped out of a short-term positive channel that formed over the last few hours. After falling out of this channel, the crypto also lost the support of both the $0.0000000000021708 and the $0.0000000000011018 price points. It is now testing the technical safety net at $0.0000000000001073.
Should the meme coin dip below $0.0000000000001073 in the coming 12 hours, the World Liberty Financial price could be at risk of establishing a new low in the subsequent 24 hours. On the other hand, the meme coin remaining above this mark for the next 6 hours might invalidate the bearish thesis.
Technicals Show The World Liberty Financial Price Is Still At Risk
In a more bullish scenario, traders could start to go long on WLFI at its current price. This potential buy pressure might then lead to the World Liberty Financial price reclaiming the $0.0000000000011018 support level. Thereafter, continued pressure from bulls might result in the meme coin breaking back above $0.0000000000021708.
From a technical standpoint, the World Liberty Financial price has also fallen below the 9 Exponential Moving Average (EMA) line in the last couple of hours. With the 9 EMA positioned below the longer 20 EMA, it seems WLFI is in a short-term negative trend and is at risk of dropping even lower in the coming few hours.
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While the World Liberty Financial price remains at the mercy of sellers, layer-2 meme coin Pepe Unchained (PEPU) continues to attract investors to its ongoing presale, which is rocketing towards $14 million in funds raised.
A Supercharged PEPE Has Analysts And Experts Excited
Pepe Unchained (PEPU) aims to deploy its own layer-2 network to free the popular PEPE meme coin from its shackles to the congested Ethereum network. Up until now, PEPE lovers have had to deal with high transaction fees and slow processing times as more tokens and projects enter the Ethereum ecosystem, increasing the computational demand on the network.
By shifting PEPE’s transactional work off of the Ethereum mainnet, Pepe Unchained will enable a new and improved transactional experience that is 100 times faster than any meme coin hosted on Ethereum and costs almost nothing.
This speed and low cost will be consolidated into one token with the launch of PEPU, which will also allow investors to seamlessly bridge their assets between the secure Ethereum network and the lightning-fast Pepe Unchained blockchain.
This dual benefit has analysts and experts excited about the project’s future. In a recent video, popular YouTuber ClayBro told his 130K subscribers that PEPU has the potential to generate 100X returns for investors.
Investors Bet Big On PEPU’s Future
Analysts and experts are not the only people that are bullish on Pepe Unchained, as investors send more than $13.4 million to the meme coin’s ongoing presale. This strong momentum is likely to keep going given the 153% APY on offer to presale buyers who stake PEPU.
Pepe’s all geared up! 🐸👓💻 pic.twitter.com/k7tjCG2DWU
— Pepe Unchained (@pepe_unchained) September 16, 2024
PEPU is currently selling for $0.0097284, and can be purchased using either ETH, USDT, BNB or bank card. Once bought, investors can immediately put their tokens to work by locking up the newly-purchased PEPU through the staking page on the project’s official website.
Anyone looking to acquire the token should act before the meme coin’s price is hiked in a little more than 28 hours.
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