The Trump family-backed World Liberty Financial (WLFI) token plunged deeper into misery on Wednesday, as investors continued to sell out after initial gains.

WLFI Fails To Recover

WLFI, the governance token of the decentralized finance platform, dived over 14% over the last 24 hours, according to CoinMarketCap. The trading volume fell 38%, indicating reduced liquidity to absorb selling.

The coin’s open interest declined 11% in the 24-hour period, according to Coinglass. Moreover, the Long/Short ratio fell to 0.88, signaling lower bets in favor of the token.

Since its trading debut on Monday, the coin has crashed 36%, and more than 55% from the peak of $0.46. The decline has wiped out over $3…

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