Just saw WLFI hit a new low again, dropping to around $0.07. This round of selling is mainly due to the governance vote from last month, where World Liberty Financial plans to unlock more than 62.2 billion tokens, and the market reaction has been quite intense.

From the chart, the token is down more than 70% from its high and has been trending lower since September, with only a few brief rebounds. As soon as the unlock vote kicked off, the sell pressure got even stronger. According to the proposal, early supporters must lock their tokens for two years to unlock them linearly; the conditions are slightly better for founders and team members, but they still have to wait three years to fully release the tokens. The proposal also includes a plan to burn 4.5 billion tokens, but the market is still worried about future supply dilution.

The vote currently looks likely to pass: there are 6.4 billion votes in favor, while only 3.1 million are against. On the technical side, the RSI is already above 17, indicating the market is oversold, but that doesn’t necessarily mean an immediate rebound. The Parabolic SAR has formed resistance above $0.0782, and the current price is still below that line. If it can’t break $0.0782, it may still probe lower again.

The circulating market cap is now $1.81B, with a fully diluted valuation of $7.32B. The 24-hour trading volume is only $4.28M. Even though volume has increased, the price is still falling, which suggests that selling pressure is indeed very heavy. A short-term rebound is possible, but for it to stabilize for real, we’ll have to wait for the token allocation plan to settle and for market sentiment to recover. The outcome of this governance vote will largely determine WLFI’s future trajectory, and it looks like there are still variables in the short term.