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Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
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Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Ronaldo Marquez
Ronaldo Marquez
2 days ago
2 mins read
WLFI price

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Eric Trump has stepped down from the board of ALT5 Sigma, a newly established World Liberty Financial Treasury company. As reported by Forbes on Tuesday, the decision has led to a 7% decline in the WLFI price, causing it to fall below the crucial $0.20 threshold.

Confusion Surrounds Eric Trump’s Exit From ALT5 Sigma

The announcement of Trump’s departure was made through a Securities and Exchange Commission (SEC) filing, which revealed that the change came just weeks after ALT5 Sigma had initially appointed him as a director. 

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According to the report, the decision to remove Trump was made in consultation with The Nasdaq Stock Market LLC to ensure compliance with its listing rules. However, the specific regulations that prompted this action were not disclosed in the filing.

Interestingly, three securities law professors consulted by Forbes were unable to identify a clear reason why Nasdaq would accept one appointee from the company while rejecting another. 

Nasdaq requires that a majority of board members at listed companies be independent, and if Eric Trump did not meet these criteria, it raises further questions about why Zachary Folkman, his replacement, would qualify.

WLFI Price Sinks To $0.19

Just weeks prior, Eric Trump, alongside his brother Donald Trump Jr. and executives from World Liberty Financial, participated in a ceremonial ringing of the Nasdaq opening bell. 

This event coincided with ALT5 Sigma’s announcement of a significant fundraising effort, aiming to raise $1.5 billion through private share sales to acquire WLFI tokens, the native cryptocurrency issued by World Liberty Financial.

Despite the formal announcement made to the SEC, it is noteworthy that ALT5 Sigma’s website still lists Eric Trump as a board director on its leadership and investor relations pages.

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Following the filing, the WLFI price dropped to $0.1961, further exacerbating its negative performance over the last 24 hours and seven days, with a 14% decline over the latter period. 

According to CoinGecko data, the WLFI price is currently trading 39% below its all-time high (ATH) of $0.33, which was reached on September 1st—the day the token debuted on major exchanges after months of anticipation. 

WLFI price
The 15-minute chart shows WLFI price drop. Source: WLFIUSDT on TradingView.com

Featured image from Politico, chart from TradingView.com 

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

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Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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