- On Wednesday, the World Liberty Financial (WLFI) price crashed by around 10% following a fresh controversy around the project and a major treasury loan event, declining its value to $0.089.
- Treasury borrowed 50.44 million USD1 from Dolomite using 3 billion WLFI tokens as collateral, which boosted the lending pool utilization above 100% and locked user funds. This makes withdrawals difficult.
- According to technical indicators, the cryptocurrency is currently in oversold territory.
On April 8, U.S. President Donald Trump-backed decentralized finance (DeFi) platform’s native cryptocurrency, World Liberty Financial (WLFI), price dipped significantly on a daily chart.
According to CoinMarketCap, the WLFI price has dropped by over 10%, declining its value from $0.099 to $0.089 with a market capitalization of around $2.82 billion. The daily trading volume holds around $90.51 million.
WLFI Borrowing Sparks Pool Crisis
There are serious qu...
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