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The Daily: White House Signals Gold-for-$BTC, WLFI Faces Unlock Demands Amid TAO Buzz, Solana Scam Flagged

The Daily: White House Signals Gold-for-$BTC, WLFI Faces Unlock Demands Amid TAO Buzz, Solana Scam Flagged

Key Takeaways

  • Mixed signals across crypto, with potential government shifts, investor pressure, and scam warnings.
  • White House reportedly explores using gold reserves for $BTC acquisition, signaling a potential policy shift.
  • WLFI faces investor demands for 80% token unlock following a 71.7% price drop and communication issues.
  • Solana-based 'Chuck Norris' token officially flagged as a scam.

White House Signals Potential Gold-for-$BTC Purchases

A breaking report indicates the White House has signaled the utilization of U.S. gold reserves for $BTC acquisition. Specific details regarding the timing, scope, or the precise nature of this signal were not immediately available.

The reported signal coincided with $BTC sentiment at 75.2% bullish, at the upper end of its typical baseline range of 65-75%.

Global Tech CEO Reportedly Discusses $TAO

A recent social media report indicated the CEO of the world's largest company discussed the cryptocurrency $TAO. The CEO's identity, company, or comments were not specified. The report drew attention, with one post linking the discussion on a "highest stage" to the token, registering a sentiment score of 76.

Following the report, $TAO's mindshare registered a change of 0.1%. TAO trading volume on Coinbase Spot saw fluctuations, including a 15-minute period with 919.51K USD and another registering a 295.53% increase in volume change.

The price of $TAO stood at $271.62. Over a 24-hour period, the token decreased by 9.3%, while its price over the past seven days increased by 13.9%. A transaction involving 3425 $TAO, valued at approximately $933,655, was deposited into Gate.io Storage.

WLFI Faces Investor Demands for 80% Token Unlock

World Liberty Fi ($WLFI) faces demands from its presale investors, publicly calling for an 80% unlock of their purchased tokens. Investors seek either immediate release or a definitive timeline, citing a lack of communication. This is the second consecutive day investors have publicly requested resolution and transparency.

This pressure follows a 71.7% price decline for $WLFI from its all-time high of $0.3313. These tokens were acquired during sales that commenced on October 15, 2024, raising over $550 million.

The situation contributed to a bearish sentiment surrounding $WLFI across community platforms. Public posts and discussions related to these demands registered sentiment scores as low as -85.

Solana 'Chuck Norris' Token Flagged as Scam

A Solana-based token named 'Chuck Norris' has been officially flagged as a scam, with alerts warning users of its fraudulent nature. The token, identified by the address 3a3ijue9qX1uvGvxyTtdsyAsgNuYP3nuCMyJtrZ8e38n on the $SOL blockchain.