CandleFocus

World Liberty Financial’s presale overshadowed by memecoin-shilling AI

Author: Content Editor
The Empire newsletter on Blockworks.co is being promoted, and readers are encouraged to subscribe to have the news delivered directly to their inbox. The World Liberty Financial (WLFI) token sale is currently live, but it is being overshadowed by the popular AI-propelled memecoin, Goatseus Maximus (GOAT). WLFI has sold over $11.1 million worth of governance tokens as part of its presale, but the majority of claimed whitelisted investors have not yet committed. GOAT's market cap is over $275 million within a week of trading, while WLFI's market cap is a little over $11 million. Bitcoin's price is above $67,000 and holding, and it is expected to retest the highs of $73,000 and potentially go even higher. However, there are concerns about the retail side of the market, as the percentage of retail longs is approaching low levels, which could indicate a potential reversal. It is debated whether crypto would be better off out of the limelight or if its essence would be diluted by mass adoption and regulation. Overall, there is a recognition that crypto's popularity comes with both positive and negative consequences.

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