Official Trump Meme Coin, WLFI Lead Losses Following World Liberty Financial Probe

In brief

• TRUMP and WLFI have suffered some of the biggest losses today among top-100 coins, falling by double digits in the past 24 hours.
• Their decline follows the announcement of a Democrat investigation into a business deal between Sheikh Tahnoon bin Zayed Al Nahyan and World Liberty Financial prior to Donald Trump’s inauguration.
• Analysts suggest that the wider market selloff may stabilize once leverage clears and ETF inflows resume.