What’s Really Happening in the Crypto Market?✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Today’s update is very important for all crypto investors. We’re seeing a sharp correction in Bitcoin and altcoins recently. Bitcoin, which was trading around $116,000 earlier, has now dropped to nearly $108,000. The trading volume is also going down, and many altcoins are following the same trend. But why is this happening? One of the big reasons is the upcoming launch of a new token backed by former U.S. President Donald Trump. This token is launched by a company called World Library Finance (WLFI), and it has already raised a massive $550 million from over 85,000 investors, even before it officially hits the market. A lot of that money has come from people selling their altcoins and even Bitcoin to invest in this token’s presale. Token now already today and now dumping hard. Let's see what happens in upcoming days. Same thing happened with KANYE WEST token.

This is where things get risky. We’ve seen the same pattern before Trump previously launched a token which pumped in the beginning, and then crashed over 90%, leaving many retail investors in huge losses. Later, a token under his wife Melania’s name was also launched, and it too didn’t perform as expected. These tokens attract hype and early buyers make money, but when the general public starts buying in, it often ends in a big dump. The problem here is not just the dump. It's the way these tokens pull money out of other quality altcoins and even Bitcoin. This stops the market from seeing a healthy altcoin season. So while big investors might still profit from this, beginners should be extra careful. Stay alert, do your own research, and don’t fall into the FOMO trap. That's it for today. Thanks & have a good day!!

@abfarhan