Trump-linked ALT5 Sigma plunges 96% after WLFI deal
- —ALT5 Sigma shares collapsed from $8.97 to $0.35 after the WLFI deal announcement
- —Eric Trump was a board observer; WLFI CEO Zach Witkoff chairs ALT5 Sigma
- —ALT5's WLFI token holdings were unlocked in August, making them transferable
- —ALT5 was named in an indictment as a service provider for Mugan Markets
Why it matters: The collapse of the WLFI treasury model highlights risks for crypto firms tied to political figures and illiquid tokens.
Source: Protos