World Liberty Financial's WLFI token fell about 5.7% to $0.0538 on October 20, coinciding with a $401 million reduction in the circulating supply of its USD1 stablecoin over two weeks. The USD1 market cap contracted from $4.43 billion to $4.02 billion, driven by significant redemptions mainly on Ethereum and BNB Chain, including $200 million from one unknown wallet. Despite the supply drop, USD1 maintained its dollar peg, trading near $1. The WLFI token's price decline reflects market sentiment and is not directly caused by USD1 redemptions. Meanwhile, World Liberty is preparing to transition USD1 issuance to a new trust bank pending regulatory approval, aiming to expand the stablecoin's utility in international payments and remittances.
As of Oct 20, 2026 21:03 WIB, WLFI trades on Pluang at Rp973, down 2.93% in the last day, with a market cap of Rp30.94 trillion. Despite the recent $401 million stablecoin redemption affecting USD1's supply, WLFI's sell orders dominate Pluang at 97%, reflecting cautious sentiment among traders. The typical hold time for WLFI on Pluang is 31 days, indicating relatively short-term investor engagement.
Bitway (BTW) experienced the largest 24-hour decline among 89 leading cryptocurrencies, falling 15.57% to $1.92 and dropping in market rank from 36th to 38th. In contrast, Worldcoin (WLD) led the gainers with a 10.61% rise to $0.543, ranking 49th by ...
Bitway (BTW) experienced a sharp decline of 16.24% within 24 hours, trading at $2.01 and ranking 36th by market cap. This was the largest drop among 89 major cryptocurrencies, despite 49 others showing gains. Previously, Bitway also saw a significant...
Justin Sun, founder of TRON, stated in an interview that he would invest again in World Liberty Financial (WLFI) if he had the chance to revisit his decision. He explained that much of the important information about WLFI was only revealed to him aft...
