Recently, the market saw the launch of the World Liberty Financial project, the creation of which is directly tied to the family of US President Donald Trump. Everything seemed fine, but someone, including Trump himself, is interested in making quick money from this venture.

Here's the story: one of the largest holders of the WLF token is well-known crypto entrepreneur Justin Sun. Shortly after the WLF token was listed on several of the world's largest crypto exchanges, the token started to rapidly decline in value. Trump's team conducted an investigation and discovered that Justin Sun's actions were directly linked to the token's poor sales. As a result, World Liberty blacklisted Sun and froze his WLFI tokens, accusing him of attempting to manipulate the price of the WLFI token.

Sun himself claims that he was simply making test transactions, and these did not affect the token's price. He insists he is not planning to sell WLFI tokens into the market.

This conflict has highlighted an acute issue in cryptocurrency regulation. The actions taken by World Liberty demonstrate an attempt at self-regulation, but their legality and effectiveness are being questioned. Freezing the assets of a major holder, even one accused of manipulation, could be seen as violating the principles of decentralization and may prompt the creation of clearer legal frameworks for such situations.

At the same time, the incident underscores the risks associated with investments in new and lesser-known cryptocurrencies. Market manipulation, especially by major players, poses a significant threat to investors, and such precedents could undermine trust in the crypto industry as a whole.

The unfolding situation with WLF and Justin Sun will be closely monitored by the crypto community. The outcome of this conflict could become an important precedent influencing the future of digital asset regulation and market transparency. The case may even go to court, which could shed light on the legal nature of tokens and the responsibility for manipulating them.

Trading recommendations

Bitcoin (BTC) Currently, buyers are targeting a return to the $113,200 level, which would open a direct path to $115,600. From there, $117,500 is the next key target. The most distant target is the high around $118,600—breaking this would indicate the strengthening of a bull market. In case of a decline, buyers are expected around $111,600. A drop below this area could quickly push BTC down to $109,700. The farthest downside target is $108,200.

Ethereum (ETH) A clear hold above $4,499 opens the way to $4,601. The most distant target is the high around $4,723, with a breakout above this level indicating the strengthening of the bull market and growing buyer interest. If the price falls, buyers are expected around $4,383. A drop below this level could send ETH quickly to $4,227, with the farthest downside target at $4,081.

What's on the chart

• The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.