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WLFI token drops 8% amid Democratic wins and legal battles involving Justin Sun.

Market News
05 Nov 2026, 16:54 WIB
Coinpaper
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Bearish
WLFI token drops 8% amid Democratic wins and legal battles involving Justin Sun.

The WLFI token fell about 8% following Democratic victories in the US midterm elections, which increased political scrutiny on Trump-linked cryptocurrency projects. The token is also under legal pressure from Tron founder Justin Sun, who is seeking sanctions over undisclosed ownership details. WLFI's price is nearing a critical support level around $0.045, with potential further declines if this level breaks. The situation highlights risks tied to political and legal developments affecting WLFI's value and governance.

As of Nov 05, 2026 22:03 WIB, WLFI trades at Rp819 on Pluang, down 8.80% in one day, closely matching the article's reported drop. The token's market cap stands at Rp25,99 trillion with a 24-hour trading volume of Rp1,87 trillion. Notably, 54% of Pluang users are selling WLFI while 46% are buying, indicating a divided sentiment as the token nears critical support levels.

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