TechFlow News, April 12: Zach Witkoff, co-founder of WLFI, posted a response on X addressing a recent critical article about WLFI circulating on the platform. Upon verification, the author of that article is neither a member of the WLFI team nor affiliated with WLFI in any way.
In his response, Witkoff clarified the following points: First, WLFI has absolutely no connection to the TRUMP meme coin—these two should not be conflated. Second, WLFI is unrelated to “fight fight fight” or CIC Digital. Third, early WLFI holders purchased the token at $0.015 and $0.05, respectively; its current price stands at $0.08. Fourth, WLFI’s core product is not transaction fees but the stablecoin USD1, which generates yield by holding U.S. Treasury securities. By both trading volume and market capitalization, USD1 is now the world’s second-largest compliant stablecoin.
Witkoff added: “Before composing a lengthy thread, one should conduct more thorough research.”
