The number of circulating tokens far exceeds previous plans, and the “Trump Family Core Token” has plummeted continuously after being listed.

``` Trump family’s WLFI token suffered a steep drop after its Monday listing, currently trading about 25% below its issue price, with a market value of approximately $5.4 billion. This much-anticipated cryptocurrency project rattled market confidence after the last-minute disclosure that the circulating supply would far exceed investor expectations. On September 3, according to media reports, World Liberty Financial Inc. announced at the last moment before issuance that 25 billion tokens would be in circulation, about five times the previously expected 5 billion. The company was co-founded by Eric Trump and Donald Trump Jr., with Trump himself listed as an "honorary co-founder." According to the project website, the Trump family directly or indirectly controls over 20 billion WLFI tokens. To stabilize the market, World Liberty has already removed 47 million tokens from circulation through a burn mechanism, equivalent to about $11 million. Analysts point out that the real test for the WLFI project is whether the World Liberty ecosystem can truly gain a foothold beyond speculation. Disputes Over Circulating Supply Anger Investors Investors have expressed strong discontent over the sudden change in WLFI token circulation supply. Several investors on World Liberty's governance forum questioned the data change and the ambiguity of "early supporter" qualifications. It was disclosed that, among the total supply of 100 billion tokens, most are still non-tradable and mainly held by insiders. Billions of tokens will be allocated to Alt5 Sigma Corp., a publicly traded crypto payments company closely linked to many key World Liberty executives. Alt5 recently agreed to hold about 7.5% of total WLFI supply and raised $1.5 billion in funds. Online traders noticed that estimates of the circulating supply ranged from 3% to 25%, which fueled market disorder in the hours after launch. Morten Christensen, the founder of AirdropAlert.com, commented: "Ideally, first-day performance should have been strong. Unfortunately, the team’s poor communication before launch and negative sentiment on social platform X turned the first day red." Project Team Implements Stabilization Measures in Response to Market Volatility Facing turbulence, World Liberty Financial has taken several steps to try to calm investor sentiment. According to a previous Wallstreetcn article, beyond the 47 million token burn already implemented, the team has also proposed destroying some WLFI tokens received as transaction fees, to further reduce circulating supply. This proposal has broad support but has not yet been formally voted on by WLFI holders. Despite weak performance on launch day, a World Liberty Financial spokesperson still declared, "The WLFI launch was a resounding success." According to Wallstreetcn, Trump’s sons Eric Trump and Donald Trump Jr. both celebrated the WLFI launch on social media on Monday. Eric Trump noted on X that WLFI’s trading price was much higher than in early rounds, touting this as proof of strong performance. Additionally, reports say the plunge in Alt5 Sigma’s stock price highlights its close fate with the WLFI token. On Tuesday, Alt5’s stock fell 29%, and nearly another 20% on Wednesday, reflecting concerns over WLFI’s performance spreading to the traditional stock market. Although the tokens Alt5 Sigma received are tradable, the company indicated that its goal is to accumulate rather than sell, underlining just how closely its fate is tied to WLFI. Ecosystem Development Faces Long-Term Challenges Analysts believe that the real test for the WLFI project is whether the World Liberty ecosystem can truly find stability outside of speculation. The project’s stablecoin USD1 already has a market cap of about $2.7 billion, and the team plans to launch lending and other services. Kaiko senior analyst Dessislava Aubert stated: "Volatility on launch day is quite common. The recently proposed fee burn mechanism may generate short-term hype. However, long-term value depends on ecosystem adoption, especially uptake of USD1 that drives WLFI use. Although listed on major centralized exchanges, USD1 faces fierce competition in the stablecoin market." Lex Sokolin of Generative Ventures pointed out that given WLFI’s more than $20 billion fully diluted valuation, it has received more generous treatment than its peers: "Compared with these projects, WLFI has so far been warmly received by the market," he said. Early holder Bruno Ver said he originally planned to sell quickly but has decided to wait: "I’m not worried at this point, just curious to see how the market will react and develop in the long run." Risk Warning and Disclaimer The market has risks, and investment should be cautious. This article does not constitute personal investment advice nor takes into account individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their own circumstances. Investments based on this article are at your own risk. ```